By Praphorn Praphornkul

   

BANGKOK (NNT) - Responding to concerns about the government’s commitment to fiscal discipline as the budget for the 2022 fiscal year is lower than the budget deficit, the government has confirmed that there are measures to support investment from other capital resources, and the issue will be clarified in the House of Representatives.

 

Deputy Government Spokeswoman, Dr. Ratchada Thanadirek, said today that the 620 billion baht of investment funding accounts for 20.14 percent of the expenditure budget, which is lower than the 700-billion-baht budget deficit. It is not in violation of fiscal discipline, since the law allows the government to justify the necessity and provide solutions to the House of Representatives while proposing the annual budget bill.

 

Additional funding will come from public-private partnership (PPP) arrangements, the Thailand Future Fund (TFFIF) and loans for social and economic development. Key priorities will include investing in infrastructure, improving people’s quality of life and public health services, and using technology to strengthen the country.

 

Regarding comments that the budget allocated to the Ministry of Defense is higher than that of the Ministry of Public Health, he said there are several funds that support public health-related work, such as the Emergency Medical Fund and the National Health Security Office, totalling 92 billion baht.

 

As for the Bank of Thailand’s (BOT) accumulated loss of 1.069 trillion baht, it is a normal presentation of financial statements as required by the International Monetary Fund (IMF), so as to compare and evaluate its member states’ performances. It is not related to public debt.

 

Nonetheless, the budget is lower than the previous year due to the COVID-19 situation, with the government’s revenue collection falling short of the target. The government is ready to clarify its plans and projects, which are transparent and in line with the current situation in the country, to the House of Representatives.

 

-- © Copyright NNT 2021-05-25

 

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6 minutes ago, webfact said:

As for the Bank of Thailand’s (BOT) accumulated loss of 1.069 trillion baht

Oh dear !

Whenever the word transparent appears in fiscal bad news here you know someone has had it away will the cash ????

57 minutes ago, webfact said:

 

By Praphorn Praphornkul

   

BANGKOK (NNT) - Responding to concerns about the government’s commitment to fiscal discipline as the budget for the 2022 fiscal year is lower than the budget deficit, the government has confirmed that there are measures to support investment from other capital resources, and the issue will be clarified in the House of Representatives.

 

She's easy on the eyes.

1 hour ago, Fex Bluse said:

 

She's easy on the eyes.

Which is why the job of explaining that the government has no money left ( sorry, I meant is being fiscally self disciplined and transparent) has fallen to her.

Each minister is allowed only 4 Rolex or Cartier watches...two for each wrist and four 5 baht gold chains each for 2021-2022. Tightening the belt is gonna hurt.

Maybe the right time to cancel the Submarines......

regards Worgeordie

2 minutes ago, worgeordie said:

Maybe the right time to cancel the Submarines......

regards Worgeordie

If they just cut back on the medals they alll wear on thier uniforms, they might have enough material to build their own !

4 hours ago, webfact said:

Responding to concerns about the government’s commitment to fiscal discipline

I spat my coffee out.

3 hours ago, Fex Bluse said:

She's easy on the eyes.

But a drain on the ar*e pocket I bet

4 hours ago, webfact said:

Additional funding will come from public-private partnership (PPP) arrangements, the Thailand Future Fund (TFFIF) and loans for social and economic development.

My missus calls that Zig-Zag.. 

4 hours ago, webfact said:

As for the Bank of Thailand’s (BOT) accumulated loss of 1.069 trillion baht, it is a normal presentation of financial statements as required by the International Monetary Fund (IMF), so as to compare and evaluate its member states’ performances. It is not related to public debt.

self-deleted my nonsense

Edited May 25, 20215 yr by klauskunkel

39 minutes ago, klauskunkel said:

self-deleted my nonsense

 

... never mind, perfectly fits the topic now mate, 555 ...

 

1 hour ago, hotchilli said:

But a drain on the ar*e pocket I bet

 

More than just the pocket...

5 hours ago, Fex Bluse said:

 

She's easy on the eyes.

She has that "I'm the second cousin of someone very famous and that's how I got this job" look

10 minutes ago, tonray said:

She has that "I'm the second cousin of someone very famous and that's how I got this job" look

 

Indeed. Was my first thought, too. I like the Thai ladies with what I call cute frog mouth. Best lips.

Shorthand for we have money for submarines and Rolexes, we don't have any money to support the jobless, who are that way because of our decisions.

7 hours ago, RichardColeman said:

Oh dear !

Is the BOT not responsible for the security of the Commercial Banks ?

If they are not, why is that.

7 hours ago, webfact said:

As for the Bank of Thailand’s (BOT) accumulated loss of 1.069 trillion baht, it is a normal presentation of financial statements as required by the International Monetary Fund (IMF), so as to compare and evaluate its member states’ performances. It is not related to public debt.

Compare and evaluate member states performances - what Tosh

The 1 Trillion Debt is what it is - Public Debt., and has to be reported for that reason and non other.