Wednesday, 04 July 2007

Thailand adopts deficit budget to spur growth

(Reuters) - The budget bill, introduced in parliament by Prime Minister
Surayud Chulanont, included a 24.3 percent annual rise in
defence spending for the year starting Oct. 1, the second hefty
raise in a row after a 33.8 percent rise a year earlier.




The bill provided little detail of why the military, which
ousted Prime Minister Thaksin Shinawatra in a bloodless coup
last September, wanted more money.


Read more at Reuters.com Bonds News

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