webfact 155995 Posted September 30, 2021 Share Posted September 30, 2021 Finance Minister Arkhom Termpittayapaisith recently announced that the government needed to increase the public debt ceiling to 70 percent of gross domestic product (GDP) from 60 percent. The remarks came amid the ongoing COVID-19 pandemic and slower economic growth. The move, which increases the government’s ability to raise funds, marks an about-turn for Prime Minister Prayut Chan-o-cha and Arkhom as both had earlier promised to keep public debt at the 60 percent level in order to maintain fiscal stability. Government under fire Experts criticized the step while assailing the government’s lapses in managing the economy and its tardy vaccination rollout, which together have had ripple effects across the health, social and economic sectors. Full story: https://www.thaipbsworld.com/increase-in-public-debt-ceiling-raises-questions-on-governments-competence/ -- © Copyright Thai PBS 2021-09-30 - Whatever you're going through, the Samaritans are here for you - Follow ASEAN NOW on LINE for breaking COVID-19 updates 1 Link to post Share on other sites More sharing options...
Popular Post Tropicalevo 11779 Posted September 30, 2021 Popular Post Share Posted September 30, 2021 1 hour ago, webfact said: marks an about-turn for Prime Minister Prayut Chan-o-cha and Arkhom as both had earlier promised to keep public debt at the 60 percent level It is just another broken promise in a long list of broken promises. Generals, your pants are on fire. 6 Link to post Share on other sites More sharing options...
Popular Post 2umich 92 Posted September 30, 2021 Popular Post Share Posted September 30, 2021 Economy slowdown is a result of government response to covid and not COVID itself. 1 1 2 Link to post Share on other sites More sharing options...
Popular Post tomacht8 9179 Posted September 30, 2021 Popular Post Share Posted September 30, 2021 Increase in public debt ceiling raises questions on government’s competence. What a lovely headline. 2 3 Link to post Share on other sites More sharing options...
hotchilli 45618 Posted September 30, 2021 Share Posted September 30, 2021 4 hours ago, webfact said: Experts criticized the step while assailing the government’s lapses in managing the economy and its tardy vaccination rollout, which together have had ripple effects across the health, social and economic sectors. Ripple effects have a habit of causing more damage on the return leg. Link to post Share on other sites More sharing options...
Sir Dude 3477 Posted September 30, 2021 Share Posted September 30, 2021 I'd like to know if they've been picking into the foreign reserves, or not. Not that we are likely to get an honest answer, but it sure must be like a little temptress in a mini-skirt dancing around in the minds of those consumed by greed and power in high orifice. 1 Link to post Share on other sites More sharing options...
timendres 9416 Posted September 30, 2021 Share Posted September 30, 2021 This is raising questions about the government's competence? 2 Link to post Share on other sites More sharing options...
mfd101 4859 Posted September 30, 2021 Share Posted September 30, 2021 1 hour ago, tomacht8 said: Increase in public debt ceiling raises questions on government’s competence. Nonsense. Every 'Western' government has done the same thing as they keep the populace & the economy afloat during national lockdowns. The Thai government is no doubt incompetent in myriad ways but this happens not to be one of them. 1 1 Link to post Share on other sites More sharing options...
Andycoops 3147 Posted September 30, 2021 Share Posted September 30, 2021 There is no competence in this illegitimate government but plenty of gross incompetence. Link to post Share on other sites More sharing options...
jacko45k 36940 Posted September 30, 2021 Share Posted September 30, 2021 15 hours ago, 2umich said: Economy slowdown is a result of government response to covid and not COVID itself. Egg chicken, chicken egg! Link to post Share on other sites More sharing options...
zzaa09 7681 Posted September 30, 2021 Share Posted September 30, 2021 14 hours ago, timendres said: This is raising questions about the government's competence? Not really run like a government, but a organized criminal syndicate. That's how it's always been. 1 Link to post Share on other sites More sharing options...
MrJ2U 5868 Posted October 1, 2021 Share Posted October 1, 2021 Inept to say the least. Its hard to believe Anutin is still in that important position as Health minister. Any other country he would be locked up for malfeasance or put in a corner with a dunce cap. At least there mismanagement is helping the baht to tank. Thanks guys. Link to post Share on other sites More sharing options...
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