Thai economy: Mega-projects 'to boost growth'

[marcusd]

Its a Junta...nobosy wants to speak out against the Junta. And so much for this so called "Interim" Govt. The military is just giving themselves the opportunity to fill every govt office/ role w military "Yes" men! PATHETIC!!

please advise us with your wisdom how this differs from before when YES MEN with no knowledge of their portfolios were in power?

[brucec64]

In short, the infrastructure projects proposed by the previous government and widely lambasted by so many TVF pundits. Silence now?

You would have a pretty good argument except for the fact these projects are going to be funded through the parliamentary budgetary process with transparency.

I do believe many of the so called "pundits" had a problem with.

You mean like the transparency of a parliamentary budgetary process that runs "like well-oiled Army machine" and passes a 2.6 trillion baht budget bill unanimously, without debate or revision?

http://www.thaivisa.com/forum/topic/752947-nla-session-ran-like-well-oiled-army-machine/

[Time Traveller]

In short, the infrastructure projects proposed by the previous government and widely lambasted by so many TVF pundits. Silence now?

There was always agreement that these things needed to be done, the contentious issue was the out of budget borrowing proposed by the previous Govt which would have been accountable to nobody.

Now the much needed work will be done within budget which can be scrutinized.

We would hope that there will also be a big reduction in corruption, and therefore cost, now that there is something actually being done to curb it.

Nothing but silence from our "Red pundits" with that friendly reminder.

I'll take the bait......How can these Mega projects be done "within budget"?......2.4 trillion baht will require borrowing by whatever government. Nothing can make that amount of money appear in the government's budget without tripling every current tax rate. Borrowing money is the only way these will get started.

As for believing there will be any significant reduction in corruption, well yes I've have inside knowledge that the fairies from magicland are now casting a spell on the Mega projects to ensure they are corruption free. And everyone will live happily ever after.

[Ricardo]

and the financing is no-longer a 50-year zero-coupon bond, so at least two major changes from Yingluck/PTP's proposals, would you not accept ?

So how they gonna finance it ? A general found a forgotten 2.4 trillion in a drawer somewhere?

Or in a wardrobe, in the house of a Transport bureaucrat, perhaps ? Or buried in the garden of a miller or former-politician ?

No, the current administration have already been talking about raising taxes, remember ?

Some of the cost (over several years or more) will probably be raised through debt, some will be budgeted spending by this & future governments, all will hopefully be transparent rather than sliding it past Parliament without being properly monitored, as PTP were desperate to do.

Perhaps some will be covered by a lower level of corruption than previously.

It all remains to be seen, but I seriously doubt that 50-year zero-coupon bonds will be used, for the full sum. Which is surely good news, for the Thai taxpayers & citizens, wouldn't you agree ?

[Thai at Heart]

In short, the infrastructure projects proposed by the previous government and widely lambasted by so many TVF pundits. Silence now?

There was always agreement that these things needed to be done, the contentious issue was the out of budget borrowing proposed by the previous Govt which would have been accountable to nobody.

Now the much needed work will be done within budget which can be scrutinized.

We would hope that there will also be a big reduction in corruption, and therefore cost, now that there is something actually being done to curb it.

Nothing but silence from our "Red pundits" with that friendly reminder.

I'll take the bait......How can these Mega projects be done "within budget"?......2.4 trillion baht will require borrowing by whatever government. Nothing can make that amount of money appear in the government's budget without tripling every current tax rate. Borrowing money is the only way these will get started.

As for believing there will be any significant reduction in corruption, well yes I've have inside knowledge that the fairies from magicland are now casting a spell on the Mega projects to ensure they are corruption free. And everyone will live happily ever after.

Indeed, the country is in deficit, so, I am not quite sure what they mean by saying there will be no debt. This money has to be borrowed one way or another.

Now I am not against it, and yes, maybe the army will prevent creaming the budget better than PTP, but is anyone really that naive?. If that is the case, why does the figure appear to stay the same? Shouldn't there be quite a lot of money to save somewhere.

Didn't these blokes say there were only going to be in office for a while. If so. What happens to the portions of the money that haven't been carved up before they leave?

[BlackJack]

what is the ticker for Junta on the SET as I want to invest asap

[northernjohn]

In short, the infrastructure projects proposed by the previous government and widely lambasted by so many TVF pundits. Silence now?

Yes infra structure projects but not the ones produced on the back of napkins and having no one to be responsible to form the honesty in them.

These are going to be well thought out plans not a means to get votes. They are going to be a means to improve Thailand. A far different plan than the one presented by the PTP.

Isn't it wonderful to have a government concerned with the welfare of Thailand rather than their bank account?

[northernjohn]

and the financing is no-longer a 50-year zero-coupon bond, so at least two major changes from Yingluck/PTP's proposals, would you not accept ?

So how they gonna finance it ? A general found a forgotten 2.4 trillion in a drawer somewhere?

When the plan is completely put together you will be one of the first to be notified. In the mean time sit back and enjoy the show.

[JesseFrank]

and the financing is no-longer a 50-year zero-coupon bond, so at least two major changes from Yingluck/PTP's proposals, would you not accept ?

So how they gonna finance it ? A general found a forgotten 2.4 trillion in a drawer somewhere?

When the plan is completely put together you will be one of the first to be notified. In the mean time sit back and enjoy the show.

I'm glad you manage to use the correct wording in your comment.

Enjoy the SHOW..............

[Bob12345]

In short, the infrastructure projects proposed by the previous government and widely lambasted by so many TVF pundits. Silence now?

Yes infra structure projects but not the ones produced on the back of napkins and having no one to be responsible to form the honesty in them.

These are going to be well thought out plans not a means to get votes. They are going to be a means to improve Thailand. A far different plan than the one presented by the PTP.

Isn't it wonderful to have a government concerned with the welfare of Thailand rather than their bank account?

It seems they informed you already about their exact plans as you have seen the plans are well thought out. Maybe you like to share the documents here they showed you to convince the people who dont trust your blind faith.

And also please share your analysis of the current pm's bank account and checks and balances on any government money changing hands so we can also see they care about Thailand only and not their own bank accounts.

Many thanks.

Edited August 28, 2014 by Bob12345

[rubl]

In short, the infrastructure projects proposed by the previous government and widely lambasted by so many TVF pundits. Silence now?

Yes infra structure projects but not the ones produced on the back of napkins and having no one to be responsible to form the honesty in them.

These are going to be well thought out plans not a means to get votes. They are going to be a means to improve Thailand. A far different plan than the one presented by the PTP.

Isn't it wonderful to have a government concerned with the welfare of Thailand rather than their bank account?

It seems they informed you already about their exact plans as you have seen the plans are well thought out. Maybe you like to share the documents here they showed you to convince the people who dont trust your blind faith.

And also please share your analysis of the current pm's bank account and checks and balances on any government money changing hands so we can also see they care about Thailand only and not their own bank accounts.

Many thanks.

More important the dual track plan is spread over seven or so years and budgeted within the National Budget, to be continued over the years. The previous government only had the 2.2 trillion Baht plan with lots of activities seemingly taken out of the National Budget. Maybe to reduce the calculated deficit over 2013/2014? The Minister of transport threatened that things like road repairs and so would be difficult if the special 2.2 trillion wasn't forthcoming.

[rubl]

what is the ticker for Junta on the SET as I want to invest asap

I think a misunderstanding there. The board doesn't trade. Maybe check in Brazil ?

[tullynagardy]

all will hopefully be transparent rather than sliding it past Parliament without being properly monitored,

Yeah because the checks and balances of the current situation are so much superior than before

- A hand picked parliament by the general himself,

- no opposition to hold the government accountable

- the media gagged from scrutinising anything the government do

- the public banned from debating or enquiring about any government activity

Such conditions really are truely ripe for a corruption free, transparent project. (well amongst the grumpy Issan retirees on TVF) These must be the 15 principles that DjJamie fella talks of

[Robby nz]

and the financing is no-longer a 50-year zero-coupon bond, so at least two major changes from Yingluck/PTP's proposals, would you not accept ?

So how they gonna finance it ? A general found a forgotten 2.4 trillion in a drawer somewhere?

It would seem that there are those who cant grasp that these works will be spread over at least 7 years with the funding acquired as needed over that time.

The first year (of the interim Govt) will be the planning and study stage.

A point here; that planning now needs to be done for these projects that we are told by the PT supporters are the same or very similar to those previously proposed, would indicate that planning was not done by the PT Govt.

Yet they were set to borrow 2.2 trillion out of budget as soon as they could get a bill passed to do so.

A get the money first then work out how to spend it later.

We now we have a different way of doing things, put together detailed plans, cost them then sort out the funding.

The actual work on these projects will not be done under the interim Govt but under the elected Govts that follow and therefor it will be up to them to sort the funds.

So the general does not have to find billions, only put in place controls that force the elected Govts that follow to work in an open and transparent manner for the country and the people and not for themselves.

Come to think of it finding billions might be easier.