EFFECTS OF FISCAL POLICY ON THAI ECONOMY

Abstract

The objectives of this research are 1) to study the impact of the government's fiscal policy on the Thai economy 2) to analyze the role of the government sector in the economy. The data used in the study is secondary data, time series between 2019-2022, used to analyze the relationship of fiscal policy implementation in terms of government income and expenditures that affect the economy in the form of a log linear multiple regression equation estimated using the Ordinary Least Squares. The study found that 1) when government implements fiscal policy by changing government income and government expenditure will cause real gross domestic product to change in the same direction, indicating that fiscal policy has a great effect on the Thai economy. 2) The government plays a very important role in the economic system, especially in fiscal policy implementation, which will affect the expansion and growth of the economy.