webfact Posted May 24, 2021 Share Posted May 24, 2021 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 - Whatever you're going through, the Samaritans are here for you - Follow Thaivisa on LINE for breaking COVID-19 updates Link to comment Share on other sites More sharing options...
Popular Post RichardColeman Posted May 24, 2021 Popular Post Share Posted May 24, 2021 6 minutes ago, webfact said: As for the Bank of Thailand’s (BOT) accumulated loss of 1.069 trillion baht Oh dear ! 5 Link to comment Share on other sites More sharing options...
Popular Post sammieuk1 Posted May 24, 2021 Popular Post Share Posted May 24, 2021 Whenever the word transparent appears in fiscal bad news here you know someone has had it away will the cash ???? 3 2 Link to comment Share on other sites More sharing options...
Fex Bluse Posted May 24, 2021 Share Posted May 24, 2021 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 1 Link to comment Share on other sites More sharing options...
Popular Post herfiehandbag Posted May 24, 2021 Popular Post Share Posted May 24, 2021 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. 5 1 Link to comment Share on other sites More sharing options...
Popular Post tonray Posted May 25, 2021 Popular Post Share Posted May 25, 2021 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. 1 4 Link to comment Share on other sites More sharing options...
Popular Post worgeordie Posted May 25, 2021 Popular Post Share Posted May 25, 2021 Maybe the right time to cancel the Submarines...... regards Worgeordie 2 1 Link to comment Share on other sites More sharing options...
Popular Post tonray Posted May 25, 2021 Popular Post Share Posted May 25, 2021 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 ! 1 4 Link to comment Share on other sites More sharing options...
hotchilli Posted May 25, 2021 Share Posted May 25, 2021 4 hours ago, webfact said: Responding to concerns about the government’s commitment to fiscal discipline I spat my coffee out. 1 Link to comment Share on other sites More sharing options...
hotchilli Posted May 25, 2021 Share Posted May 25, 2021 3 hours ago, Fex Bluse said: She's easy on the eyes. But a drain on the ar*e pocket I bet 1 Link to comment Share on other sites More sharing options...
hotchilli Posted May 25, 2021 Share Posted May 25, 2021 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.. Link to comment Share on other sites More sharing options...
klauskunkel Posted May 25, 2021 Share Posted May 25, 2021 (edited) 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, 2021 by klauskunkel 2 Link to comment Share on other sites More sharing options...
jollyhangmon Posted May 25, 2021 Share Posted May 25, 2021 39 minutes ago, klauskunkel said: self-deleted my nonsense ... never mind, perfectly fits the topic now mate, 555 ... 2 Link to comment Share on other sites More sharing options...
Fex Bluse Posted May 25, 2021 Share Posted May 25, 2021 1 hour ago, hotchilli said: But a drain on the ar*e pocket I bet More than just the pocket... 2 Link to comment Share on other sites More sharing options...
tonray Posted May 25, 2021 Share Posted May 25, 2021 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 2 Link to comment Share on other sites More sharing options...
Fex Bluse Posted May 25, 2021 Share Posted May 25, 2021 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. 1 Link to comment Share on other sites More sharing options...
Lacessit Posted May 25, 2021 Share Posted May 25, 2021 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. 2 Link to comment Share on other sites More sharing options...
Cake Monster Posted May 25, 2021 Share Posted May 25, 2021 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. Link to comment Share on other sites More sharing options...
.png.3b3332cc2256ad0edbc2fe9404feeef0.png)
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now