Prayut announced that Thailand is ‘financially secure,’ but opposition blame the PM for mishandling national budget

[webfact]

 

By Erich Parpart

 

Prime Minister Prayut Chan-ocha said in parliament on Tuesday that the country is financially secure despite rising debt. He noted then that the first strategy for the 2023 fiscal budget year is to pursue “national stability.” 

 

However, opposition leader Chonlanan Srikaew, called him a “narcissist” who failed to recognise his inability to properly manage the country’s economy, fiscal budget, and claims Prayut is using part of the national budget to hold coalition parties ransom.

 

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“The overall financial system is stable, but the business and household sectors are increasingly fragile where some groups are facing problems from rising living and production costs,” Prayut said while reading out his speech to parliamentarians. “Especially groups that are still facing a shortage of income and high debt burdens.”  

 

Full story: https://www.thaienquirer.com/40555/prayut-announced-that-thailand-is-financially-secure-but-opposition-blame-the-pm-for-mishandling-national-budget/

 

-- © Copyright Thai Enquirer 2022-06-01

 

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[RichardColeman]

2 hours ago, webfact said:

“Especially groups that are still facing a shortage of income and high debt burdens.” 

Open the country up you silly fool ! A million tourists every 5 months is drip feeding the economy some life support but its still wasting away

[RandiRona]

Idea is to keep people poor and hungry and illiterate , in order to have a submissive populace.

Dont understand that revolution only start when people have nothing to loose!!

[ozz1]

This man has no idea how the Thai people are going.  Living behind a lot of medals and with his hiso mates 

[ikke1959]

Everything the PM touches will turn into dust instead of gold.. Thailand is not financially secure... They got downgraded already and with no sight of economic better times everything will be worse.. Yes you can change the percentage for household debts to 70% because it reached the point of 60% and when it comes near the 70 % you can raise again to 80% but it is no solution, only making things worse...

 But how can you get rid of this man? Everything in favor for him 250 senators, section 112, partymembers who are obliged to vote in favor for him.......

[sammieuk1]

Bet his and old father times budget is very healthy right now and always ???? 

[hotchilli]

3 hours ago, webfact said:

“The overall financial system is stable, but the business and household sectors are increasingly fragile where some groups are facing problems from rising living and production costs,” Prayut said while reading out his speech to parliamentarians. “Especially groups that are still facing a shortage of income and high debt burdens.”  

All down to him and his mis-management.

[hotchilli]

1 hour ago, ozz1 said:

This man has no idea how the Thai people are going.  Living behind a lot of medals and with his hiso mates 

He knows full well what's going on, keep the peasants down, do not educate the children and rule with an iron fist.

Military dominance straight out of the barracks handbook.

[peter zwart]

Yeah sure. Youve lost about 20% of your GDP, household debts pile up and people getting/are serious in trouble. 

[smutcakes]

Couple of points from me:

They omitted a budget for General election which i believe is normally around 6 billion THB..... Just imagine in any normal line of work omitting something which can cost 200 million USD!

The civil service pensions and hospitals is now 300 billion, increasing rapidly...

Literally the country is going the same was as Greece where 70% of the population will be employed by the state.... Needs to be a drastic cut of civil servants or the country is going to be swallowed by ongoing debts financing all the perks.

[JonnyF]

16 minutes ago, smutcakes said:

They omitted a budget for General election which i believe is normally around 6 billion THB..... Just imagine in any normal line of work omitting something which can cost 200 million USD!

Doesn't that imply that they have no intention of having a General Election?

 

It's absolutely mind blowing what this government (Junta) has been allowed to get away with.

[smutcakes]

4 minutes ago, JonnyF said:

Doesn't that imply that they have no intention of having a General Election?

 

It's absolutely mind blowing what this government (Junta) has been allowed to get away with.

I dont think they have any choice to have one, unless they go completely rogue with the army which i think they would be very reticent to do, would prefer the courts to do it after/before the election banning candidates/parties.

My assumption its just pure incompetence.

[mikebell]

1 hour ago, smutcakes said:

Needs to be a drastic cut of civil servants

Requiring them to work would reduce their numbers.  These sought-after sinecures are a licence for life.

[Willy Wombat]

He’s got he opposite Midas touch.

Everything he touches turns to merd.

[NoshowJones]

Who is going to believe anything that this unelected PM says says? Except maybe his soldiers. Just about everything that comes out off his mouth is lies, lies, and more lies.