webfact Posted March 26, 2013 Share Posted March 26, 2013 Comptroller-General short of funds to pay for car rebates in April File photoBANGKOK, 26 March 2013 (NNT) - Comptroller-General Manas Jamveha has revealed that the government does not have enough budget to pay those scheduled to receive their rebates under the government's first-car buyer scheme, for the month of April.Mr. Manas said the Comptroller General's Department does not know where it could get the budget from as it does not have sufficient funds to pay for the rebates scheduled in April. However, he said the department is looking to borrow money from other government agencies whose budgets have not been disbursed.According to the Finance Ministry, the government set aside just over 7 billion baht for the rebates in 2556, but the Department has an obligation to pay up to 38 billion baht for the scheme. The Comptroller General's Department has so far this year delivered nearly 7 billion baht worth of refunds to 99,000 buyers, leaving it with only 361 million baht, which is far less than what it needs in April to pay for refunds.He further said the Department needed another 30 billion baht to fund the scheme this year. He also assured that the government will fulfill its obligations.-- NNT 2013-03-26 Link to comment Share on other sites More sharing options...
Popular Post NeverSure Posted March 26, 2013 Popular Post Share Posted March 26, 2013 I Know! Give the people the value in rice! Oh wait. They don't have enough money to pay the farmers for the rice scheme fraud either. Maybe they could take money for the car rebates and the rice scheme from the borrowed money for the flood control scheme fraud. It hasn't been spent on flood control. Surely it sits safely in the treasury. What a house of cards Thailand is. 21 Link to comment Share on other sites More sharing options...
Popular Post jonclark Posted March 26, 2013 Popular Post Share Posted March 26, 2013 Well that is good news. Every day under a PTP government seems to start with either a political U-turn; a sob story about lack of money / overspend in various depts; political backstabbing and in fighting that stinks of corruption, criminality, nepotism or stupidity (or combinations of).......Or a hub story! At least our news is consistent. Well done, another day starts with 'good news' from PTP led policies. 12 Link to comment Share on other sites More sharing options...
bigbamboo Posted March 26, 2013 Share Posted March 26, 2013 "Keep your hands off of my stack." 2 Link to comment Share on other sites More sharing options...
Popular Post Bellweather Posted March 26, 2013 Popular Post Share Posted March 26, 2013 Another failed populist policy and still the general public don't see how they are being conned 6 Link to comment Share on other sites More sharing options...
padped Posted March 26, 2013 Share Posted March 26, 2013 I hope that mine gets paid ( not likely at this rate ) ... Link to comment Share on other sites More sharing options...
kimamey Posted March 26, 2013 Share Posted March 26, 2013 I'm sure the government will find the money but it needs to be quick. If you've got someone just coping with the repayments the rebate will be a big help and might be the difference between defaulting and just coping. Link to comment Share on other sites More sharing options...
phosphorescent Posted March 26, 2013 Share Posted March 26, 2013 (edited) Hands up who didn't see this coming! Looks like the reprobate............. I mean rebate scheme will just be another failure in an ever growing list of failed populist policies. Edited March 26, 2013 by phosphorescent Link to comment Share on other sites More sharing options...
Popular Post Thaddeus Posted March 26, 2013 Popular Post Share Posted March 26, 2013 I love the smell of napalm in the morning. 5 Link to comment Share on other sites More sharing options...
cheeryble Posted March 26, 2013 Share Posted March 26, 2013 How much would my wife's granny have been rebated on a 420k car I rather fancy? Link to comment Share on other sites More sharing options...
Popular Post moe666 Posted March 26, 2013 Popular Post Share Posted March 26, 2013 heheeh I am waiting for the repossesions to hit the market for a almost new car 3 Link to comment Share on other sites More sharing options...
Halion Posted March 26, 2013 Share Posted March 26, 2013 Bring on the clowns, don;t bother there here. Link to comment Share on other sites More sharing options...
meatboy Posted March 26, 2013 Share Posted March 26, 2013 if they[mp's] all emptied thier pockets there would be more than enough to pay em all,and all those granny's that cant drive please stand up. Link to comment Share on other sites More sharing options...
Popular Post reiltin Posted March 26, 2013 Popular Post Share Posted March 26, 2013 FLEECED The cheap cars,overpriced rice,free computers.A government with no moral hazard,sheep unaware how sharp the butchers knife. 7 Link to comment Share on other sites More sharing options...
akampa Posted March 26, 2013 Share Posted March 26, 2013 Seems typical of this govenrment, implement a rebate scheme or what ever and not think further than how many votes they can get, well here is the result no money to pay back, peoples lives can get even harder with not enough income to pay the banks WHAT A BUNCH OF W@!#$#@!$@!ERS and incompetents these politician are, should get there salary deducted for every cock up they make! Link to comment Share on other sites More sharing options...
pinfold Posted March 26, 2013 Share Posted March 26, 2013 heheeh I am waiting for the repossesions to hit the market for a almost new car Has already started. Ever look into the K bank adverts on Thai TV ,couple of years ago was "cash for cars" ,now "cars for cash" with a gold shop in view. The borrowers are not keeping up with payments obviously,what with supposedly price guarantee for rice farmers,and exports heavily down through the strong Baht equals disaster on a Cyprus scale ,coupled with a volatile population ,thoughts of the tin hat come to mind Link to comment Share on other sites More sharing options...
Popular Post steelepulse Posted March 26, 2013 Popular Post Share Posted March 26, 2013 Amazing with all these bad policies and yet the baht gets stronger. Is Europe and the rest of the world this bad off that the baht can get stronger with these failed and foolish policies? 3 Link to comment Share on other sites More sharing options...
chainarong Posted March 26, 2013 Share Posted March 26, 2013 This plan has been thoroughly thought out, one must congratulate the idiots that worked on the percentage of car buyers , the people buying these cars need to realise if you needed government assistance in the first place you can't afford it, I may as well talk to the moon 2 Link to comment Share on other sites More sharing options...
MaxLee Posted March 26, 2013 Share Posted March 26, 2013 Comptroller-General short of funds to pay for car rebates in April File photo the government does not have enough budget NEVER REALLY intended to pay those scheduled to receive their rebates under the government's first-car buyer scheme, for the month of April. Dear voters, you have officially being ripped off.... Link to comment Share on other sites More sharing options...
alant Posted March 26, 2013 Share Posted March 26, 2013 In a move to emulate the euro zone... Link to comment Share on other sites More sharing options...
kotsak Posted March 26, 2013 Share Posted March 26, 2013 Hub of blown up budgets.. Link to comment Share on other sites More sharing options...
PhilipCook Posted March 26, 2013 Share Posted March 26, 2013 A house of cards and there is a gust of wind on the horizon Link to comment Share on other sites More sharing options...
draftvader Posted March 26, 2013 Share Posted March 26, 2013 Is anybody actually surprised? If it sounds too good to be true....... 1 Link to comment Share on other sites More sharing options...
TallGuyJohninBKK Posted March 26, 2013 Share Posted March 26, 2013 Somebody missed their government budget projection by a pretty HUGE!!!! margin. I hope a lot of delayed/deferred or never-to-arrive rebate buyers get REALLY mad. Link to comment Share on other sites More sharing options...
harber8 Posted March 26, 2013 Share Posted March 26, 2013 The cash is in Dubai. Or wherever that criminal is residing at present. Link to comment Share on other sites More sharing options...
Briggsy Posted March 26, 2013 Share Posted March 26, 2013 This sounds to me like an inter-departmental budget fight. I am sure everyone will get their refunds. 1 Link to comment Share on other sites More sharing options...
mic6ard Posted March 26, 2013 Share Posted March 26, 2013 I know where you can get the funding from, the 2bn baht loan that the gov't is trying to get. Link to comment Share on other sites More sharing options...
Popular Post NeverSure Posted March 26, 2013 Popular Post Share Posted March 26, 2013 4 Link to comment Share on other sites More sharing options...
up-country_sinclair Posted March 26, 2013 Share Posted March 26, 2013 This was an ill conceived plan, but I do think that the govt. will meet its obligation to the first time buyers. They may end up changing the payment schedule ( 20 K over 5 years, for example), but the funds will eventually be paid. 1 Link to comment Share on other sites More sharing options...
sangfroid Posted March 26, 2013 Share Posted March 26, 2013 (edited) I Know! Give the people the value in rice! Oh wait. They don't have enough money to pay the farmers for the rice scheme fraud either. Maybe they could take money for the car rebates and the rice scheme from the borrowed money for the flood control scheme fraud. It hasn't been spent on flood control. Surely it sits safely in the treasury. What a house of cards Thailand is. They should just do what the broke Australian government is doing. Borrow $100million a day from the Chinese (not denied by the World's greatest treasurer)...Problem solved Edited March 26, 2013 by sangfroid Link to comment Share on other sites More sharing options...
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