Thai fiscal and monetary policies must work in step

Festive mood: Lanterns are seen over a street ahead of the Lunar New Year celebration in Bangkok. The government is continuing its efforts to revive the tourism-reliant economy after a recent wave of Covid-19 infections. — Reuters

BANGKOK: Thailand’s fiscal and monetary policies must work in step as the government tries to revive the tourism-reliant economy after a recent wave of coronavirus infections, the finance minister said yesterday.

The government will focus on sustainable growth as stimulus measures, such as cash transfers, cannot be implemented indefinitely, Arkhom Termpittayapaisith told a business seminar.