Yingluck says government can pay farmers, not broke

[webfact]

Yingluck says government can pay farmers, not broke



BANGKOK: -- Caretaker Prime Minister Yingluck Shinawatra reassured farmers that they would be paid as her government’s financial status is sound enough to seek loans from financial institutions to pay farmers.

She dismissed speculation that her government was broke and was unable to pay farmers.

Instead, she said, the fiscal position of her caretaker government was sound enough to secure loans from financial institutions with pledge that all farmers who have their rice vouchers would be certainly paid.

However, she did not specify the time for the payment, saying rice payments were being delayed by legal limitations and processing.

She said all parties including the People’s Democratic Reform Committee should understand hardship suffered by unpaid farmers and therefore should refrain from exploiting their plight for political gains.

She also brushed aside alleged rampant corruption in the rice-pledging scheme saying relevant authorities were investigating such allegations.

She stressed the urgent problem right now is the delayed payment which not only farmers have suffered but the country’s confidence is also affected.

She also dismissed report that her government was broke and also that she refused to meet farmers.

Instead, she said, she has directed relevant ministers to clarify the farmers as they have all information and know better.

Source: http://englishnews.thaipbs.or.th/yingluck-says-government-can-pay-farmers-broke/


-- Thai PBS 2014-02-11

[Sayonarax]

Big brother came up with a spin.. you have to let us keep our power otherwise we are powerless to pay you.. *wink wink*

Edited February 11, 2014 by Sayonarax

[Costas2008]

Shut up and pay them then.

[TVGerry]

Sure you can pay them but when? Next month? Next year? Next decade? When Hell freezes over?

[Soutpeel]

Caretaker Prime Minister Yingluck Shinawatra reassured farmers that they would be paid as her government’s financial status is sound enough to seek loans from financial institutions to pay farmers

Dear YK if the financial status of the goverment is sound, why do you need to take loans out from finanical institutions to pay the farmers ?

As regards investigations of corruptions, based on an article today, the relevant department has already stated they expect to lay charges by month end and one of the repondents is you...therefore one assumes the investigation is over...

[drand11]

Come on, her hands are tied. Banks loans at high interest rates due to the speculation (None substantiated) of impropriety. Dems threaten banks to not issue loans. Finance Dept hands are being frozen due to "Investigations" that are obviously politically motivated.

Edited February 11, 2014 by drand11

[khwaibah]

Shut up and pay them then.

How do you know she is telling a fib ? Her lips are moving.

[Ned]

Why all this concern all of a sudden for farmers from the yellow side of politics?

[Robby nz]

Then why didn't she turn up at the meeting to tell the farmers that ?

Surely if someone or some organisation has to borrow to pay their bills then they have no money to pay said bills.

In the case of the caretaker government they will be committing the countries assets as collateral for any loans they take out, ie the assets of the people of the country.

I see in the news that cabinet (Caretaker) has said they can use 600 odd million from the 'central fund' to pay the farmers, between a third and a half of what is needed right now, depending on who you believe, with more rice being harvested each day to add to the debt.

Anyone know just what the 'central fund' is ?

[Soutpeel]

Anyone know just what the 'central fund' is ?

Believe its based in Dubai

[Robby nz]

Took 6 posts this time before the Dems got blamed.

[GentlemanJim]

Shut up and pay them then.

How do you know she is telling a fib ? Her lips are moving. alt=whistling.gif width=19 height=18>

I get your point but a 'fib' is what you would call a false statement from a 5 year old saying that they really have tidied their bedroom when it is a pre-requisite condition for an ice cream. Yingluck is delivering full blown impeachment class, perjury scale lies, and there is nothing 'white' about them.

[Thai at Heart]

The law prevents it. Simple.

They got out thought in a big big way.

[JayBangkok]

Clarify the farmers? As in melt (butter) in order to separate out the impurities?

[KimoMax]

Was this response to the Farmers done by Skype since YS could'nt or would'nt make the meeting yesterday ?

[ikurauni]

Show them the money. Talk is cheap. Just do it. Or is this another BS?

[draftvader]

Go on then!

[thesetat2013]

Maybe she can pay them soon when the insurance pays them for the rice they burned today in lopburi.

Sent from my GT-S5310 using Thaivisa Connect Thailand mobile app

[pipkins]

Sure you can pay them but when? Next month? Next year? Next decade? When Hell freezes over?

Be when the courts stop blocking the payments and Suthep mob (50 left today) stop terrorising the banks into now paying.

You guys really need to get out into the real world of media.

[casualbiker]

Sure you can pay them but when? Next month? Next year? Next decade? When Hell freezes over?

Be when the courts stop blocking the payments and Suthep mob (50 left today) stop terrorising the banks into now paying.

You guys really need to get out into the real world of media.

Blocking what payments?

[ramrod711]

However, she did not specify the time for the payment, saying rice payments were being delayed by legal limitations and processing.

Processing? The farmers are going under for the third time, and this is the best she can do?

[rubl]

Sure you can pay them but when? Next month? Next year? Next decade? When Hell freezes over?

Be when the courts stop blocking the payments and Suthep mob (50 left today) stop terrorising the banks into now paying.

You guys really need to get out into the real world of media.

Sure can pay, but due to bad fiscal planning not now. Not included in the National Budget for 2013/2014. The whole financing of the rice price pleging scheme taken out of the National Budget to avoid parliamentary scrutiny. That's why the not-so-cataking government needs to find other sources, like borrowing from state banks and commercial banks.

Courts don't stop payments, courts stop the caretaker government to accept financial obligation which a new government would have to honor. That's normal.

As for talking about the 'Suthep mob', well just as boring by now as talking about the 'red-shirt mob' and just as wrong. Maybe you should go out of the 'real world of media' and enter reality?

[khunPer]

To my knowledge, someone is broke when they cannot pay their bills when they are due.
Wikipedia says: »Broke (adjective), a state of being currently (but not necessarily permanently) out of money.«
Hmm – farmers not being paid in due time – seems like “broke” then.

[thomash]

Two letters can describe all this BS!

[MaxLee]

Two letters can describe all this BS!

No, two words describe it: save face

[Publicus]

Sure you can pay them but when? Next month? Next year? Next decade? When Hell freezes over?

Be when the courts stop blocking the payments and Suthep mob (50 left today) stop terrorising the banks into now paying.

You guys really need to get out into the real world of media.

_________________________

How's Wonderland ? Did you have tea with Alice ?? Lol

Sent from my GT-I9100 using Thaivisa Connect Thailand mobile app

Governments everywhere borrow all the time.

It's SOP.

So when Yoon does a fluff PR piece in his propaganda broadsheet puffing up a banker who is intent on trying to choke the government, it's clear the squeeze is on.

The government will pay the farmers. Everyone here knows that closing out a big loan is an involved process that takes some time, especially under the present adverse conditions and due to the political divide that plagues the country.

[MunterHunter]

Sure you can pay them but when? Next month? Next year? Next decade? When Hell freezes over?

Be when the courts stop blocking the payments and Suthep mob (50 left today) stop terrorising the banks into now paying.

You guys really need to get out into the real world of media.

Its a pretty weak governemnt that gets ham-stringed so easily by "50 left today" protestors...

I guess that is all it takes when this government is in its death throws...

You really need to get out into the real world.

[KRS1]

why she need a loan?

isnt she suppose to sell rice to pay farmers?

why cant she sell the rice?

EDIT:

Now i remember, the government paid higher than market prices for it...cant exactly sell something when its more expensive than your competing neighboring countries...and they cant dump it due to global antidumping laws.

idiotic yingluck government

Edited February 11, 2014 by KRS1

[Suriya4]

why she need a loan?

isnt she suppose to sell rice to pay farmers?

why cant she sell the rice?

Why not just return the rice to the farmers?

[GentlemanJim]

Sure you can pay them but when? Next month? Next year? Next decade? When Hell freezes over?

Be when the courts stop blocking the payments and Suthep mob (50 left today) stop terrorising the banks into now paying.

You guys really need to get out into the real world of media.

So you thing 50 people are 'terrorizing' the banks into not paying?

You think the courts are 'blocking' payments?

Were the courts blocking payments in Sept, Oct, Nov? I dont think so.

The situation is very simple. Nobody can authorize huge debt that a future as yet unelected Government will be forced in to paying when it had no say and when it was brought in as policy by a 'caretaker' Government. There is only one set of people to blame for this tragedy and it is Shinclan.

My real world seems to be a very different place to your 'real world'.