webfact Posted November 9, 2011 Share Posted November 9, 2011 PM kicks off debate on Bt2.38 trillion budget The Nation Prime Minister Yingluck Shinawatra on Wednesday submitted the 2012 Budget Bill outlining Bt2.38 trillion spendings focused on populist policies and post-flooding recovery efforts. The government has earmarked Bt120 billion for flood recovery and restoration spendings. The water management budget is at Bt40 billion. Price intervention schemes for farming sector will cost Bt90 billion. The budget deficit is projected at more than Bt400 billion, accounting for 3.4 per cent of gross domestic product. The 2011 fiscal year saw the deficit at 3.7 per cent of GDP. The public debt is estimated to stay within 40.22 per cent of GDP. The economic growth rate for 2011 is estimated at 3.5 to 4.0 per cent. Next year growth is projected at 4.5 to 5.5 per cent while the inflation will be capped at 3.0 to 4.0 per cent. The budget debate is scheduled from today to tomorrow. The opposition lawmakers are expected to be critical on what they see as lopsided allocations for populist policies and insufficient spendings for post-flooding recovery efforts. -- The Nation 2011-11-09 Link to comment Share on other sites More sharing options...
whybother Posted November 9, 2011 Share Posted November 9, 2011 The economic growth rate for 2011 is estimated at 3.5 to 4.0 per cent. The Bank of Thailand on Oct. 28 cut its economic growth forecast for 2011 to 2.6 percent from 4.1 percent. http://www.bloomberg.com/news/2011-11-01/thailand-s-october-consumer-prices-rise-4-19-from-year-ago.html Link to comment Share on other sites More sharing options...
Buchholz Posted November 9, 2011 Share Posted November 9, 2011 The government has earmarked Bt120 billion for flood recovery and restoration spendings. This is like the fourth wildly different amount the government has spoken about over the past 10 days. . Link to comment Share on other sites More sharing options...
webfact Posted November 9, 2011 Author Share Posted November 9, 2011 RT @tukky_nt: How MP Chuwit dresses to attend Parliament meeting: http://yfrog.com/nzk1kwj by Prasert Thepsri Link to comment Share on other sites More sharing options...
siampolee Posted November 9, 2011 Share Posted November 9, 2011 Guaranteed it's going to be a full house wiith all that budgetary projection. let the drooling begin. Link to comment Share on other sites More sharing options...
ratcatcher Posted November 9, 2011 Share Posted November 9, 2011 RT @tukky_nt: How MP Chuwit dresses to attend Parliament meeting: http://yfrog.com/nzk1kwj by Prasert Thepsri I think he's on to a new fashion trend. Coming to stores near you.................when the water's gone. The "Croc" shoes are very appropriate too. Nice touch Chuwit. Link to comment Share on other sites More sharing options...
whybother Posted November 9, 2011 Share Posted November 9, 2011 The economic growth rate for 2011 is estimated at 3.5 to 4.0 per cent. The Bank of Thailand on Oct. 28 cut its economic growth forecast for 2011 to 2.6 percent from 4.1 percent. http://www.bloomberg...m-year-ago.html The Bank of Thailand will drop its growth forecast even lower for gross domestic product this year as the massive flood works its way through Bangkok and into Samut Sakhon. The government are in trouble if they are basing their budget on their growth forecasts of 3.5 - 4.0 per cent. Link to comment Share on other sites More sharing options...
robblok Posted November 9, 2011 Share Posted November 9, 2011 The government knows growth will be lower but they worry they cant spend as much money else Link to comment Share on other sites More sharing options...
alexakap Posted November 9, 2011 Share Posted November 9, 2011 RT @tukky_nt: How MP Chuwit dresses to attend Parliament meeting: http://yfrog.com/nzk1kwj by Prasert Thepsri Hey, I love it! Link to comment Share on other sites More sharing options...
asiascharlie Posted November 9, 2011 Share Posted November 9, 2011 they should delay this till after the flood .Theres too much at stake to just sign off on all these populist nonsense policies when so much will be needed for reconstruction and a water management system . Link to comment Share on other sites More sharing options...
Payboy Posted November 9, 2011 Share Posted November 9, 2011 RT @tukky_nt: How MP Chuwit dresses to attend Parliament meeting: http://yfrog.com/nzk1kwj by Prasert Thepsri Chuwit with a tub - that's a new one! Link to comment Share on other sites More sharing options...
DocN Posted November 9, 2011 Share Posted November 9, 2011 RT @tukky_nt: How MP Chuwit dresses to attend Parliament meeting: http://yfrog.com/nzk1kwj by Prasert Thepsri Can it be that this picture is shown in the dictionary for the term "attention who...seeker"? Link to comment Share on other sites More sharing options...
siampolee Posted November 9, 2011 Share Posted November 9, 2011 (edited) The Pheu Thai Party has transformed its headquarter into a shelter for MPs faced with flooding of their homes, MP Sakda Kongphet said on Wednesday. "As their homes were inundated, MPs could stay at the party headquarters during the budget debate," he said. Sakda said the main coalition party would provide lodging and transportation facilities in order to ensure the quorum for the passage of the Budget Bill. There we see the true face of the current coalition government. No interest in the affected people, only interested in the passing of the budget bill One must ask why is such importance attached to the bill when chaos reigns all around ? Edited November 9, 2011 by siampolee Link to comment Share on other sites More sharing options...
givenall Posted November 9, 2011 Share Posted November 9, 2011 Money for everyone including buying more votes andespecially themself for all the big projects, but not for the good of country Link to comment Share on other sites More sharing options...
ginjag Posted November 9, 2011 Share Posted November 9, 2011 Money for everyone including buying more votes andespecially themself for all the big projects, but not for the good of country They may as well have a blow out, get as much as they can out the job, much of it was only carefully put there by the last P.M. who left with fairly clean books given the global problems................... agree about the money's, should take care of the immediate situ first. Heres a bit that will upset a few, Thais are very good at squandering other peoples money--I think 90% will agree to that. Link to comment Share on other sites More sharing options...
rubl Posted November 9, 2011 Share Posted November 9, 2011 Apart from doubt on economical growth forecast, no real comments yet. Waiting for further details. Like what about the THB 400 billion earmarked for the rice price pledging scheme from Oct 7th, 2010 till Feb 28th, 2011 period. THB 40 billion of water management seems a bit low unless it's mainly for investigations, consultancy work, and the like. We'll see. Link to comment Share on other sites More sharing options...
TAWP Posted November 9, 2011 Share Posted November 9, 2011 The budget isn't large than that? 2.38 trillion baht? Italy's debt is 1.9 trillion-euro ($2.6 trillion) - close to 80 trillion baht. Link to comment Share on other sites More sharing options...
Buchholz Posted November 10, 2011 Share Posted November 10, 2011 The economic growth rate for 2011 is estimated at 3.5 to 4.0 per cent. The Bank of Thailand on Oct. 28 cut its economic growth forecast for 2011 to 2.6 percent from 4.1 percent. http://www.bloomberg.com/news/2011-11-01/thailand-s-october-consumer-prices-rise-4-19-from-year-ago.html Dropping lower and lower and... The economy may grow between 0.5 percent and 1.5 percent this year if floods reach all of Bangkok’s 50 districts, according to economist Thanavath Phonvichai. http://www.bloomberg.com/news/2011-11-10/thai-floods-threaten-to-swamp-main-road-linking-bangkok-to-south.html . Link to comment Share on other sites More sharing options...
Thaddeus Posted November 10, 2011 Share Posted November 10, 2011 The budget isn't large than that? 2.38 trillion baht? Italy's debt is 1.9 trillion-euro ($2.6 trillion) - close to 80 trillion baht. One thing that makes me go hmmmm about this (not only in Thailand) They don't know the cost of individual items in a Bt800 flood relief bag, but they know that it's going to cost Bt2.38 Trillion to repair the damage, even before the waters have drained away. Crystal ball with a built-in calculator? Link to comment Share on other sites More sharing options...
Buchholz Posted November 10, 2011 Share Posted November 10, 2011 (edited) The budget isn't large than that? 2.38 trillion baht? Italy's debt is 1.9 trillion-euro ($2.6 trillion) - close to 80 trillion baht. One thing that makes me go hmmmm about this (not only in Thailand) They don't know the cost of individual items in a Bt800 flood relief bag, but they know that it's going to cost Bt2.38 Trillion to repair the damage, even before the waters have drained away. Crystal ball with a built-in calculator? Apropos of above and thread title: Thailand's Prime Minister Yingluck Kicks Off Debate On Budget: Italy’s Prime Minister Silvio Berlusconi said today he would resign after the country’s budget is passed. . Edited November 10, 2011 by Buchholz 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