Adequate funds for cash handout scheme, Budget Bureau assures

By The Nation

 

Dechapiwat na Songkhla, director of the Budget Bureau

 

The Budget Bureau has assured that the government can finance its cash handout scheme as state agencies have succeeded in reallocating funds under the annual budget for fiscal 2020.

 

The government has adequate financial resources to finance the cash handouts scheme, Dechapiwat na Songkhla, director of the Budget Bureau, said on Sunday. Prime Minister Prayut Chan-o-cha had earlier said that the government might have money for the cash handout for only one month.

 

The government had offered Bt5,000 for three months to 9 million freelance workers and self-employed people affected by the Covid-19 fallout but over 20 million people registered for the handouts. Many people have received money this month while many complained that they did not got any.

 

Dechapiwat said state agencies have agreed to cut their budget items and could reallocate those funds worth about Bt80 billion to Bt100 billion to support the government's financial aid package. The government has also contributed Bt164 billion to the Social Security Fund, which could cover millions of workers who may be laid off, he assured.

 

Most state agencies have prioritised their spending, so many projects could be postponed or cut. For example, the Thai Royal Navy has delayed the purchase of the second and third submarines, he pointed out.

 

For the next annual budget, the government plans to have a central fund of Bt99 billion that could be spent on fighting Covid-19, he added.

 

The House of Representatives will reopen on May 22, and will start to look at emergency decrees to borrow money. The lower house will also deliberate on the bill for new spending reallocation in the fiscal year. They will also vet the annual budget bill for fiscal 2021 in order to pass the bill before October, the start of the 2021 fiscal year, he added.

 

Source: https://www.nationthailand.com/business/30386362

 

-- © Copyright The Nation Thailand 2020-04-20

 

- Whatever you're going through, the Samaritans are here for you

- Follow Thaivisa on LINE for breaking COVID-19 updates

If there are adequate funds, why is little P going begging to the rich?

Once again conflicting messages coming out  from this lot.

Edited April 19, 20206 yr by colinneil

6 hours ago, webfact said:

The Budget Bureau has assured that the government can finance its cash handout scheme

No, they have not! If they had payout to only 1,6 million persons out of 24 million applications be a fact. If they can and have enough funds, then there would be no need for people risking theirs and others health standing in line for free food. Even this guy should be able to understand that easy and simple calculation.

4 hours ago, colinneil said:

If there are adequate funds, why is little P going begging to the rich?

Once again conflicting messages coming out  from this lot.

Far too difficult trying to keep track of all the lies 

Yes we have it,no we don't,yes we can do it,no we can't gor blimey almost as bad as the UK govt.

Plenty of funds but hardly anyone is getting the payout.

If you have, start bloody paying out, you >deleted<!