Finance Min to Find New Budget to Stimulate Economy

[webfact]

 

by Na-ark Rojanasuvan

    

BANGKOK (NNT) - Officials are evaluating the current state of the Thai economy and determining the appropriate stimulus measures.

 

Finance Minister Arkhom Termpittayapaisith earlier assigned the task to the Fiscal Policy Office (FPO). He directed the FPO to determine whether Thailand still needs more cash flow to be injected into its economy.

 

He commented that, even if the need is there for more economic stimulus programs, it is not necessary to borrow more. The minister explained that since the economy started to recover, the administration was able to earn more revenue. Thus, further evaluation is needed to determine the necessity of an additional stimulus package.

 

Keep up to date with all things Thailand - Join our daily ASEAN NOW Thailand Newsletter - Click to subscribe

 

Minister Arkhom also talked about the recent instruction from Prime Minister General Prayut Chan-o-cha to find more lenders and potentially study the next phase of the government’s popular 50-50 copay campaign. He clarified that the order was actually to find capital to fund essential projects. The Finance Minister also stressed that borrowing is not the focus, as the nation already borrowed 1.5 trillion baht previously to mitigate the impact of the global pandemic.

 

Arkhom said that the economy of many countries are beginning to return to normal via investments, employment, and income generation. Thailand could also do the same, with the emphasis being placed on investment triggering more cash flow in the economy.

 

Careful consideration is being made for the next phase of the 50-50 copay program, as the initiative has a high upkeep cost.

 

 

-- © Copyright NNT 2022-04-22

 

- Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here.

 

- Follow ASEAN NOW on LINE for breaking COVID-19 updates

[RichardColeman]

5 minutes ago, webfact said:

BANGKOK (NNT) - Officials are evaluating the current state of the Thai economy and determining the appropriate stimulus measures.

 

Finance Minister Arkhom Termpittayapaisith earlier assigned the task to the Fiscal Policy Office (FPO). He directed the FPO to determine whether Thailand still needs more cash flow to be injected into its economy.

I'm quite sure if a 300 ft Godzilla appeared in Bangkok none of these banking sorts would see it !

 

It's quite simple, open the flaming country and let in 40 million tourists ! (TAT figures, not mine)

[Excel]

1 minute ago, RichardColeman said:

I'm quite sure if a 300 ft Godzilla appeared in Bangkok none of these banking sorts would see it !

 

It's quite simple, open the flaming country and let in 40 million tourists ! (TAT figures, not mine)

And stop manipulating the THB 

[mtls2005]

Hastily cobbled-together response to yesterday's announcement.

 

https://aseannow.com/topic/1257337-former-finance-minister-uttama-elected-leader-of-sarng-anakot-thai-party/

 

 

 

 

 

 

[Lucky Bones]

Calculator needs new batteries.

[Enzian]

Not a new budget as much as a new brain implant for everyone at the top. Then invest in a modern educational system.

[RafPinto]

Recruit a few former bar or massage girls.
They are smart and know how to balance the books.

[smedly]

yet another budget to raid

 

I would love to see listed all budgets over the last 2 years with full accounts of where they all went, trillions of baht - where did it go ?

 

Next let's see a full disclosure of finances for all those in government - oh that's right - they excluded themselves from needing to do that - how convenient 

[ThailandRyan]

What has happened to the billions upon billions budgeted so far, oh thats right, it's in the Governments personal accounts with no possible prosecution later for pilfering from the coffers.  Must be nice to change and amend your constitution to insulate oneself from prosecution....

[Rampant Rabbit]

He  may as  well  find a  new  Budgie as it  will  do as  much good

[Bluespunk]

2 hours ago, webfact said:

Arkhom said that the economy of many countries are beginning to return to normal

That is quite an optimistic view and one that even the most cursory reading of financial news would appear to be somewhat misleading. 

[hotchilli]

3 hours ago, smedly said:

yet another budget to raid

 

I would love to see listed all budgets over the last 2 years with full accounts of where they all went, trillions of baht - where did it go ?

 

Next let's see a full disclosure of finances for all those in government - oh that's right - they excluded themselves from needing to do that - how convenient 

Off-shore investments?

[Isaan sailor]

Keep pushing that Baht south—best stimulus for this economy.

[newnative]

  I think there's a 'new budget' hiding under that submarine over there.

[billd766]

How many trillions of baht has this government borrowed over the years for the Thai people to repay?

 

Now they want a new budget?

 

The money can be found reasonably easy buy cutting out out ALL new military spending and downsizing the military to about 25% of its current size, and making it a professional military. Cut the generals down to the existing serving generals only and pay the retired ones the rates that Thai pensioners get monthly.