Thailand

Thailand is looking to boost its economy by attracting an additional 1 mln foreign tourists, raising its target to 36.7 mln visitors this year to support an expected GDP growth of 3%, which would be the fastest in six years. The government also plans to accelerate the disbursement of a significant 850 bln baht public investment budget in FY24, aiming to increase the spending rate to at least 70% from the current 41%.