More stimulus measures on the way, says Somkid

By THE NATION

 

Deputy Prime Minister Somkid Jatusripitak

 

The government will launch additional stimulus measures to prop up the declining economy, said Deputy Prime Minister Somkid Jatusripitak on Wednesday (February 12).

 

It will make fresh injections into more than 70,000 village funds nationwide in March or April, he said. 

 

Somkid also ordered the Finance Ministry to seek new loan sources to implement necessary projects.

 

He also instructed all state agencies to prepare for disbursement of the fiscal 2020 budget, expected to begin in April.

 

Meanwhile, the Finance Ministry has been told to hasten launch of phase 4 of the Eat, Shop, Spend campaign, aimed at boosting the subdued tourism sector.

 

Thailand has been facing many risk factors, including delays of the 2020 fiscal budget and impacts from the coronavirus outbreak with many banks and economic research houses revising downward their previous growth forecast of the country's gross domestic product.

 

Source: https://www.nationthailand.com/business/30382029

 

-- © Copyright The Nation Thailand 2020-02-13

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I'm feeling stimulated allready   eat shop spend and spread    and lend more money to the people that can't afford it fantastic

Populist policies. What a joke.

This came straight to my mind - well actually an image of the Dems flogging the 'Russia Hoax/Mueller' horse to death did - but I didnt want to stir some people up.

 

measures to prop up the declining economy,

 

I thought they keep telling us all is well with the economy look how strong the baht is.

The only honest thing about Somkid, is his hair, only 1 of the bunch of cronies not using black hair dye.

All resign is the only stimulus that will work ???? 

2 hours ago, webfact said:

It will make fresh injections into more than 70,000 village funds nationwide in March or April, he said. 

How is that going to help anyone but the rich village politicians? Drive around my village, see the new moo baans built by people who became village officials just to enable themselves to get permission and access. See the houses and estates of former politicians, much nicer than the normal homes. Talk to a villager who has health problems so made an agreement to sell their home for a pittance to a local politician who would allow them to stay in the home until they die. More money to village funds will contribute nothing to overall growth, only more for the rich.

I know, why not support rice farmers ????

3 hours ago, webfact said:

The government will launch additional stimulus measures to prop up the declining economy

Somkid sure has one of the most aerodynamic heads within the Government.

 

Bet he could fly like a dart.

Why does he remind me of an old Chinese Comissar....?

Someone should tell Somkid that until the Baht comes down to Earth—he’s gonna need a Hell of a lot more stimulus. 

Prayut's six years of economic stimulus programs has been like giving pain dulling medicine to a patient with a broken leg. The symptoms are treated but the cause isn't.

10 hours ago, webfact said:

phase 4 of the Eat, Shop, Spend campaign,

Who comes up with these "campaigns" and who names them ????

 Very little of the money will make it to the people that need it.

these ideas work in an accountable system 

Wasn't it Somkid's colleague, (Anutin/Rasputin) who did his bit to help the Thai tourist trade by bad mouthing foreigners refusing to wear useless face masks?

I don' like this word "stimulus" it sounds more like Serious Financial Problems to me.

 

"All the Money I Earned Through Cheating, I Lost it by Earning it Honestly".

How about bringing the Baht to a more civilize level instead!