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Posted

Deep cut in subsidies for transport service 

By The Nation

 

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FILE photo

 

The Cabinet yesterday approved Bt5.01 billion in total subsidies for the public services of Bangkok Mass Transit Authority (BMTA) and the State Railway of Thailand (SRT) in fiscal year 2020.

 

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Atisit Chainuwat, an assistant spokesman of the PM Office, said after the Cabinet meeting yesterday that the proposed total amount of  Bt4.98 billion for BMTA was slashed to Bt1.78 billion, mainly due to a cut in the proposed subsidy of Bt1.95 billion for air-conditioned buses, citing prices issue.  

 

Meanwhile, the Cabinet slashed the proposed amount of Bt7.08 billion in subsidy for SRT to Bt3.24 billion. 

 

Of the subsidy reductions for SRT, its proposed budget for infrastructure was decreased  from Bt913.42 million to Bt176.04 million while the amount of depreciation was lowered from Bt1.22 billion to Bt11.33 million.

 

Proposed interest expense was cut from Bt1.03 billion to Bt41.56 million as some investments were  shouldered by the public sector.

 

In regard to the proposed subsidy for  fuel cost, it was decreased from Bt570.29 million to Bt531.72 million due to an adjustment in calculation, while the proposed pension payout of Bt746.84 million for retired officials during the year has also been lowered . 

 

The National Economic and Social Development Board (NESDB) has also agreed with the Ministry of Transport's policy for the two state enterprises, following their rehabilitation, particularly in the areas of organisational restructuring and solutions to financial problems.

 

Source: http://www.nationthailand.com/business/30372172

 

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-- © Copyright The Nation Thailand  2019-07-03
  • Like 1
Posted

so prices  will be  going up now then, just  saw  tollway by me up from 40 to 55  baht in one day, thats a  massive increase

  • Like 1
  • Sad 1
Posted

Why they need subsidy, they are already the most expensive in the Asian Region.

If they can't manage their own costs good, then the subsidy is a waste of money and goes to the wrong places.

  • Like 2
Posted
1 minute ago, legend49 said:

Same as Thai airlines. Look how many purple uniforms at the airport do nothing other than FB.

They are broadcasting on Bigo and making money if you look more closely at the phones.  

Posted
1 minute ago, geoffbezoz said:

All little "Cinderellas" ,  waiting for their very own "Prince Charming" to turn up and whisk them off ????

5555 ! yes - some Trolley dollies really do well for themselves!

  • Like 1
Posted

Let us hope these budget cuts do not compromise safety issues that do currently exist. Could become even more dangerous to travel by public transport, especially by road.

  • Like 2
Posted
2 hours ago, Burma Bill said:

Let us hope these budget cuts do not compromise safety issues that do currently exist. Could become even more dangerous to travel by public transport, especially by road.

Safety issues hahaha, this is the bus I took this morning.... it must be older than me and done a few more laps around the block...

but hey-ho it still rolls along so why up-date with new stock, Thailand in the dark ages.

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