New economic stimulation plan discussed

By The Nation

 

Uttama Savanayana

 

Talking about the new economic stimulation plan that includes drought relief measures and agricultural financial support, Finance Minister Uttama Savanayana said on Monday that the Bank for Agriculture and Agricultural Cooperatives (BAAC) would apply the relief measures around the end of August.

 

The Finance Ministry plans to aid farmers in paying back loans by providing new loans and subsidies. This will be done by compensating 4 million rice growers by Bt500 to Bt800 per rai up to a total of 15 rai. The total capital required for this scheme will be Bt57 billion. Those affected by drought will also be able to take out a Bt500,000 emergency loan with the government without any interest for the first year, The total capital available for this scheme stands at Bt55 billion.

 

To stimulate tourism, the government will give away Bt1,000 to 10 million people as a personal personal budget. The measure will be applied in the second week of September. The handouts will be transferred to state welfare card during August and September. People who are interested in the campaign have to register first.

 

Uttama added that Don Pramudwinai, Foreign Affairs Minister, disagreed with the proposed relaxation of visas for Chinese and Indian tourists. This would be further discussed in the cabinet meeting on August 20.

 

The Finance Ministry is also in discussions with the Interior ministry on measures to effectively stimulate local economies.

 

Source: https://www.nationthailand.com/business/30374994

 

-- © Copyright The Nation Thailand 2019-08-19

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19 minutes ago, snoop1130 said:

To stimulate tourism, the government will give away Bt1,000 to 10 million people as a personal personal budget.

The TAT has been unusually silent, no positive numbers lately. The truth cannot be hidden anymore.

Did someone tell them economy is not clitoris?

The economy needs to be stimulated until its standing erect and firm....

Give them access to loans so they get further into debt

May I suggest ''The Probe''..

Edited August 19, 20196 yr by mok199

1 hour ago, snoop1130 said:

The Finance Ministry is also in discussions with the Interior ministry on measures to effectively stimulate local economies.

Here is a photo of the Minister himself personally stimulating the economy by paying 300,00 baht per head for their Phalang Pracharat Party gourmet fund raiser dinner. 

At least they had the good sense not to be seen with the hostesses sitting at the table. What happened after the media disappeared is anybody's guess.

 

12 minutes ago, Cadbury said:

Here is a photo of the Minister himself personally stimulating the economy by paying 300,00 baht per head for their Phalang Pracharat Party gourmet fund raiser dinner. 

At least they had the good sense not to be seen with the hostesses sitting at the table. What happened after the media disappeared is anybody's guess.

 

The dresses came off and they had desert

Good to see that a firm, strategic, military approach is being taken to the economy. This should allow the pattern of success we have seen over the past five years to continue well into the future.

 

Edited August 19, 20196 yr by donnacha

15 hours ago, snoop1130 said:

compensating 4 million rice growers

a new rice scheme???????

15 hours ago, snoop1130 said:

The Finance Ministry plans to aid farmers in paying back loans

That would be paying back several iterations of government soft loans (the government subsidizes part of the market interest rate through BAAC so farmers can meet bank financial risk requirements) made to farmers over the last five years. Apparently, farmers continue to default on their "re-loans" and the government will continue to forgive defaults with more subsidies and the defaults get recycled.