2020 budget reasonable for country development: PM

[webfact]

2020 budget reasonable for country development: PM

 

   

BANGKOK (NNT) - The Prime Minister has clarified the making of the 2020 fiscal year budget bill, proposing a total of 3.2 trillion baht government budget.

 

Prime Minister Gen Prayut Chan-o-cha has made an announcement elaborating the planning of 3.2 trillion baht 2020 fiscal year budget bill that this budget will serve as an important tool to push forward country development in compliance with national strategies and government’s policies on the elimination of inequalities and enhancing the people’s livelihood, appropriate to the current economic and social situations.

 

The proposed budget bill asks for 469 billion baht budget deficit, which the government has confirmed it will ensure all budget activities will stay within the public debt management framework and fiscal discipline for maximum benefits. All government agencies are required to make clear spending plans which corresponds to the strategic blueprints, the 12th National Economic and Social Development Plan, and the country’s vision, and upholding to the general public’s benefits.

 

-- © Copyright NNT 2019-10-18

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The Prime Minister has ensured the disbursement of planned budget will help with economic development, as well as reinforcing national security, as national security is a foundation for development in all aspects, and preventing disasters faced by the general public.

[webfact]

PM asks MPs to view national budget and government works as a whole

 

 

Prime Minister Prayut Chan-o-cha asked all MPs, as he presented the 3.2 trillion baht budget bill for 2020 fiscal year to the House of Representatives this morning (Thursday), not to just look at the budgets allocated to each ministry, but to consider the details of the work and projects to be undertaken by each, so they get an overall picture.

 

Noting that the 2020 budget is a deficit budget, with expected revenue for the whole year estimated at about 2.74 trillion baht and a shortfall of 469 billion baht, the Prime Minister explained that the budget bill was drawn up anticipating that Thailand’s economic growth rate next year will be between 3% and 4% and inflation kept between 0.8% and 1.8%.

 

In preparing the budget, he said the government had placed importance on efforts to drive national strategies, its master plans and policies to raise people’s quality of life, narrow the wealth gap, strengthen the domestic economy and improve the country’s competitiveness.

 

Full story: https://www.thaipbsworld.com/pm-asks-mps-to-view-national-budget-and-government-works-as-a-whole/

 

 

-- © Copyright Thai PBS 2019-10-18

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[cornishcarlos]

41 minutes ago, webfact said:

its master plans and policies to raise people’s quality of life

 

Which people ??

[colinneil]

To raise peoples quality of life

Yes raise quality of life for him and his cronies, nobody else.

[legend49]

1 hour ago, cornishcarlos said:

 

Which people ??

Rich ones.

[yellowboat]

2 hours ago, webfact said:

PM asks MPs to view national budget and government works as a whole

Don't look at the details.  That will just waste time and cause arguments.  It is irresponsible not to look at it in detail.   Everyday, he just says they worst things imaginable. 

[YetAnother]

2 hours ago, webfact said:

corresponds to the strategic blueprints, the 12th National Economic and Social Development Plan, and the country’s vision, and upholding to the general public’s benefits.

idle generalities, adding up to nothing

[saengd]

Thailand was urged by the IMF and World Bank to operate a deficit budget so as to develop infrastructure and boost spending in country, it's not something they typically have done for a long time. I read an analyst report on Thailand recently where it said the country had learned its lesson from the crash of 97 too well: despite budget surpluses every year; despite large trade surplus every month and a positive current account every year; despite record levels of foreign currency reserves, despite record numbers of tourists and unemployment under 4%, the country still tightly controls spending and behaves as though the next crash is always right around the corner.

[mikebell]

How is possible that the budget is 'responsible' when so much is spent on the military?

[saengd]

2 minutes ago, mikebell said:

How is possible that the budget is 'responsible' when so much is spent on the military?

Less than 2% of GDP, fairly standard stuff and lower than the neighbouring countries.

 

https://data.worldbank.org/indicator/ms.mil.xpnd.gd.zs

Edited October 18, 2019 by saengd

[Cadbury]

2 hours ago, webfact said:

the Prime Minister explained that the budget bill was drawn up anticipating that Thailand’s economic growth rate next year will be between 3% and 4%

The supreme optimist is that PM Prayut. With the baht strengthening in value it should be expected that exports will fall even further. A GDP growth of between 2% and 3% is more likely.  

[bluesofa]

2 hours ago, cornishcarlos said:

2 hours ago, webfact said:

its master plans and policies to raise people’s quality of life

Which people ??

Which people: The government. Not sure if that should be 'witch people' as they're so evil, or 'wich people' as spoken by someone with a lisp - describing the same corrupt group.

[bluesofa]

33 minutes ago, saengd said:

34 minutes ago, mikebell said:

How is possible that the budget is 'responsible' when so much is spent on the military?

Less than 2% of GDP, fairly standard stuff and lower than the neighbouring countries.

 

https://data.worldbank.org/indicator/ms.mil.xpnd.gd.zs

Edited 16 minutes ago by saengd

An interesting link.

It's actually lower than two neighbouring countries and higher than the other two neighbouring countries.

 

I'm not an expert, but I would have thought that the amount spent should be consistent with the 'perceived' risk - if so are the Thai military expecting war with Myanmar or Cambodia?

[saengd]

3 minutes ago, bluesofa said:

An interesting link.

It's actually lower than two neighbouring countries and higher than the other two neighbouring countries.

 

I'm not an expert, but I would have thought that the amount spent should be consistent with the 'perceived' risk - if so are the Thai military expecting war with Myanmar or Cambodia?

Risks change, year on year, keeping the numbers up is a reasonable deterrent.

Edited October 18, 2019 by saengd

[Percy P]

1 hour ago, mikebell said:

How is possible that the budget is 'responsible' when so much is spent on the military?

Who have they got in mind for the military buildup to be used against.

Submarines, tanks , personal  carriers.

[klauskunkel]

4 hours ago, webfact said:

which corresponds to the strategic blueprints

Look at that, the roadmaps have become blueprints. Its magical...

[hotchilli]

5 hours ago, webfact said:

national strategies and government’s policies on the elimination of inequalities and enhancing the people’s livelihood, appropriate to the current economic and social situations.

Does he mean more subsidies in the pipeline for the drop in exports due to currency issues as apposed to real economic stimulus?

[Denim]

5 hours ago, webfact said:

PM asks MPs to view national budget and government works as a whole

 

These typos are getting out of hand.

 

Should read :

 

PM asks MPs to view national budget and government works as a hole.

 

As in black hole. Good money is poured in but nothing good comes out.

[Srikcir]

5 hours ago, webfact said:

narrow the wealth gap

Between the people of the wealthy class.

https://www.forbes.com/sites/forbespr/2019/05/08/thailands-top-50-richest-on-forbes-list-hit-speed-bump/#388ccdf15030

Actually these are the top 2-11 as #1 can't be reported.

Note the US$26 billion gap between the Chearavanont Brothers and Somphote Ahunai.

[Srikcir]

6 hours ago, webfact said:

which the government has confirmed it will ensure all budget activities will stay within the public debt management framework

When Prayut became PM in 2014 he assured that he would not increase public debt.

Then for the next five years he did increase public debt. 

[outsider]

2 hours ago, bluesofa said:

An interesting link.

It's actually lower than two neighbouring countries and higher than the other two neighbouring countries.

 

I'm not an expert, but I would have thought that the amount spent should be consistent with the 'perceived' risk - if so are the Thai military expecting war with Myanmar or Cambodia?

 

More likely the Thai military is expecting war with pesky farangs who don't file their TM30s and overstayers. For a country that sees everything, including a slab of tofu, as a threat to national security, they do need to keep their guard up. Yup, war with the tofu factory, it is.

 

 

Edited October 18, 2019 by outsider

[Cadbury]

34 minutes ago, Srikcir said:

When Prayut became PM in 2014 he assured that he would not increase public debt.

Then for the next five years he did increase public debt. 

That was just a Pinocchio promise. Like everything else he promises. 

[The Preacher]

1 hour ago, Srikcir said:

Between the people of the wealthy class.

https://www.forbes.com/sites/forbespr/2019/05/08/thailands-top-50-richest-on-forbes-list-hit-speed-bump/#388ccdf15030

Actually these are the top 2-11 as #1 can't be reported.

Note the US$26 billion gap between the Chearavanont Brothers and Somphote Ahunai.

Who IS number one, then?  Can you report him?

[Jiggo]

4 hours ago, bluesofa said:

An interesting link.

It's actually lower than two neighbouring countries and higher than the other two neighbouring countries.

 

I'm not an expert, but I would have thought that the amount spent should be consistent with the 'perceived' risk - if so are the Thai military expecting war with Myanmar or Cambodia?

May be Japan, heard there is a budget for white flags.... 

[bluesofa]

3 minutes ago, Jiggo said:

May be Japan, heard there is a budget for white flags.... 

Perhaps now.

In the Thai/Japanese fighting on 8 December 1941 when Japan invaded Thailand, the Thai navy fought them for five hours, before being told by Phibun Songkhram - the PM at the time - to surrender stop fighting the Japanese.

[Bundooman]

2 hours ago, Denim said:

 

These typos are getting out of hand.

 

Should read :

 

PM asks MPs to view national budget and government works as a hole.

 

As in black hole. Good money is poured in but nothing good comes out.

Yes, I agree. definite typos....... the words need re-arranging, for example: 

 

As a hole PM asks MPs to view national budget and government works as a hole

[Cake Monster]

7 hours ago, bluesofa said:

An interesting link.

It's actually lower than two neighbouring countries and higher than the other two neighbouring countries.

 

I'm not an expert, but I would have thought that the amount spent should be consistent with the 'perceived' risk - if so are the Thai military expecting war with Myanmar or Cambodia?

I reckon the perceived risk is closer than that

[Zack61]

8 hours ago, mikebell said:

How is possible that the budget is 'responsible' when so much is spent on the military?

It’s called crowd control. 

[Sydebolle]

Crossing out something like the three submarines and the eight helicopters (those gun ships come at a snap of USD 40 million - each that is) would be balancing the budget even better ..... 

[stickyrice2000]

The budget is good for military and rich people.  Try putting the poor people first.