Popular Post webfact Posted May 20, 2021 Popular Post Share Posted May 20, 2021 BANGKOK, (TNA) – The core opposition party, Pheu Thai, accused the government of unnecessarily increasing public debts by planning to additionally borrow 700 billion baht and suggested it drop unnecessary budgets instead. Pichai Nariptaphan, deputy leader of the Pheu Thai Party, said he was surprised with the cabinet’s approval for the Finance Ministry’s proposal to borrow 700 billion baht additionally. The proposal was submitted as an unscheduled matter in the cabinet’s latest meeting and lacked details, he said. The finance minister had just insisted late last month that the government had not spent 380 billion baht from its previous 1-trillion-baht borrowing project and the remaining sum was enough to help people affected by the COVID-19 outbreak without an additional loan, Mr Pichai said. He urged Prime Minister Prayut Chan-o-cha to elaborate on spending in the previous 1-trillion-baht borrowing. Full story: https://tna.mcot.net/english-news-700506 -- © Copyright TNA 2021-05-21 - Whatever you're going through, the Samaritans are here for you - Follow Thaivisa on LINE for breaking COVID-19 updates 3 Link to comment Share on other sites More sharing options...
RichardColeman Posted May 20, 2021 Share Posted May 20, 2021 I sure wish Thailand - and all the countries of the world - borrowing for covid would tell us when they borrow it exactly how it will be paid back and what tax rises are coming before they borrowed even more ! 1 Link to comment Share on other sites More sharing options...
sammieuk1 Posted May 20, 2021 Share Posted May 20, 2021 Elaborate is a wholly unreasonable request to be asking this general and his cohorts ???? 1 Link to comment Share on other sites More sharing options...
rasmus5150 Posted May 20, 2021 Share Posted May 20, 2021 57 minutes ago, RichardColeman said: I sure wish Thailand - and all the countries of the world - borrowing for covid would tell us when they borrow it exactly how it will be paid back and what tax rises are coming before they borrowed even more ! And also how the money is spent - with receipts ???? Link to comment Share on other sites More sharing options...
hotchilli Posted May 21, 2021 Share Posted May 21, 2021 3 hours ago, webfact said: The finance minister had just insisted late last month that the government had not spent 380 billion baht from its previous 1-trillion-baht borrowing project and the remaining sum was enough to help people affected by the COVID-19 outbreak without an additional loan, Mr Pichai said. He urged Prime Minister Prayut Chan-o-cha to elaborate on spending in the previous 1-trillion-baht borrowing. The trough must be kept topped up. Link to comment Share on other sites More sharing options...
BestB Posted May 21, 2021 Share Posted May 21, 2021 Country is so badly mismanaged that even a blind can see already. Government keeps coming up with some rescue packages and this and that but for some reason their “assistance “ is not seen or felt by majority. one might think they were intentionally trying to destroy economy or what’s left of it Link to comment Share on other sites More sharing options...
jacko45k Posted May 21, 2021 Share Posted May 21, 2021 10 minutes ago, hotchilli said: The trough must be kept topped up. Not many are being led towards it though are they. Link to comment Share on other sites More sharing options...
hotchilli Posted May 21, 2021 Share Posted May 21, 2021 4 minutes ago, jacko45k said: Not many are being led towards it though are they. Only the chosen few without having to divulge bank accounts. Link to comment Share on other sites More sharing options...
Fex Bluse Posted May 21, 2021 Share Posted May 21, 2021 4 hours ago, webfact said: The finance minister had just insisted late last month that the government had not spent 380 billion baht from its previous 1-trillion-baht borrowing project Ahh, you see. But it has been earmarked for a few pockets. So, consider it spent. Link to comment Share on other sites More sharing options...
Venom Posted May 21, 2021 Share Posted May 21, 2021 It's been a good year. ???? Link to comment Share on other sites More sharing options...
Cake Monster Posted May 21, 2021 Share Posted May 21, 2021 Only 30 billion of this proposed Loan, is going directly towards fighting Covid by being ear marked for Vaccines , Hospitals , labs , Research Etc. The remaining 630 Billion will presumably be spent on various Gov,y schemes such as " You shop, we pay half " Etc, propping up bad Loans, and aiding Business's that are poorly run. The borrowing of this 700 Billion also Takes Thailand very, very, close to its limit of 60 % of GDP on borrowing, and any further borrowing probably will not be an option.. This limit was imposed upon Thailand after the SE Asia financial crash of 1997 I believe Link to comment Share on other sites More sharing options...
digger70 Posted May 21, 2021 Share Posted May 21, 2021 7 hours ago, RichardColeman said: I sure wish Thailand - and all the countries of the world - borrowing for covid would tell us when they borrow it exactly how it will be paid back and what tax rises are coming before they borrowed even more ! Who are they borrowing from ? Big Daddy China ?Russia?Japan? Who Knows? Countries are borrowing money All the time .Never hear from Who/what Country. 1 Link to comment Share on other sites More sharing options...
2 is 1 Posted May 21, 2021 Share Posted May 21, 2021 (edited) I hope they borrow more! € already 38,4 go go go go..... lol Thaimaa baht THB 38,40 +0,07 % Edited May 21, 2021 by 2 is 1 1 Link to comment Share on other sites More sharing options...
ChipButty Posted May 21, 2021 Share Posted May 21, 2021 12 minutes ago, digger70 said: Who are they borrowing from ? Big Daddy China ?Russia?Japan? Who Knows? Countries are borrowing money All the time .Never hear from Who/what Country. You dont need to know 1 Link to comment Share on other sites More sharing options...
digger70 Posted May 21, 2021 Share Posted May 21, 2021 3 minutes ago, ChipButty said: You dont need to know Why? Keep the Natives in the Dark like with many other secrets. Information like this should be for the Public to know so they know who Owns /Buying the country and Who's the big boss. 1 Link to comment Share on other sites More sharing options...
robblok Posted May 21, 2021 Share Posted May 21, 2021 I wonder if that finance minister will come with an explanation. Always the same in Thailand lying and then when they are caught they remain silent. 1 Link to comment Share on other sites More sharing options...
zzaa09 Posted May 21, 2021 Share Posted May 21, 2021 12 hours ago, RichardColeman said: I sure wish Thailand - and all the countries of the world - borrowing for covid would tell us when they borrow it exactly how it will be paid back and what tax rises are coming before they borrowed even more ! Does it really matter? All supposed wealth, the world over, is based on deluded fantasy. Link to comment Share on other sites More sharing options...
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