Report

Sustainable financing of social protection in Thailand

This working paper aims to demonstrate that Thailand has sufficient public spending capacity to maintain the provision of social protection.

The mother's hands gently touch her baby, who is wrapped in a white towel. — UNICEF/UN0203763/Zehbrauskas

English
ไทย

Highlights

This working paper aims to demonstrate that Thailand has sufficient public spending capacity to maintain the provision of social protection in the aftermath of COVID-19 pandemic by forecasting the country’s fiscal space under different economic growth scenarios. The analysis demonstrates that Thailand has sufficient fiscal space to increase its spending on key social protection measures without risks to fiscal sustainability. Furthermore, it suggests that additional fiscal space can be achieved by putting in place suitable measures to increase government revenues, including tax reforms.