Thailand's finance minister on Monday said he expected to propose tax incentives to the cabinet over the next two weeks aimed at boosting private investment this year and next, as the military government seeks to revive flagging economic growth.
With exports and domestic demand still sluggish, Southeast Asia's second-largest economy has yet to regain traction since the army seized power in May 2014 to end months of political unrest. The junta has focused on driving investment.
The tax benefits will help speed private investment before large public infrastructure projects kick off next year, Finance Minister Apisak Tantivorawong told reporters.
"Money will be added to the system steadily until there is investment in mega projects next year," he said. "There won't be the gap that makes (people) feel the economy is getting worse."