Economic measures to bear fruit next year: Thai Finance Minister

[webfact]

ECONOMY
Economic measures to bear fruit next year: Finance Minister
The Nation

BANGKOK: -- Finance Minister Apisak Tantivorawong insisted today that the government's stimulus measures would boost the Thai economic growth in 2016 above this year's level.

At the fourth meeting with a committee tasked to steer the economy today, he said the measures should show material results from January onwards.

The Finance Ministry targets 2.8 per cent growth rate for 2015.

At the meeting, the Transport Ministry’s representative assured all that the budget disbursement for infrastructure projects would be sped up in the 2017 fiscal year, which should restore confidence among local and foreign investors.

The Board of Investment was also instructed to encourage companies winning investment privileges in implementing their projects.

Apisak revealed that out of Bt60 billion allocated for the village fund scheme, about Bt33 billion has been allocated.

Under the SME soft-loan scheme worth Bt100 billion, applications for loans worth totally Bt19 billion have been approved.

Under the Bt10 billion first-home buyer scheme, applications for loans worth about Bt7 billion have been submitted and applications for Bt2 billion loans have been approved.

Source: http://www.nationmultimedia.com/breakingnews/Economic-measures-to-bear-fruit-next-year-Finance--30271402.html

-- The Nation 2015-10-22

[Pib]

Better economy just around the corner, there's light at the end of the tunnel, just over the horizon, etc.

And you know what? The economy will improve in the future...it's just being able to do a good guesstimate as to when is the challenge.

[shirtless]

Why not give us the good news when it actually happens next year my a$$

[Reigntax]

Why not give us the good news when it actually happens next year my <deleted>

Because propaganda allows an announcement now and next years actual result may be nothing to gloat about.

[clockman]

Visited the fortune teller, again. Remember the last white lie. Finance minister?

[noosard]

Like tomorrow

[trainman34014]

Same shit, different day. All the same things were said last year about this year etc etc......

[Hawk]

Monty Python Always look on the bright side of life.

[Praematura]

Lol the economy will improve because of minor transfers to some farmers...

I had high hopes for this minister but he has yet to identify a rational driver of growth.

Edited October 22, 2015 by Praematura

[h90]

If the government makes a very good job the economic won't improve (most probably) because of the economic problems of USA, EU, China.

And I doubt the government makes a good job.

[BigBadGeordie]

Soon, not long, later, after food.

[Srikcir]

The Finance Ministry targets 2.8% growth rate for 2015.

Too late already.

"Projections of economic growth for the whole of this year have dropped from 3 per cent to somewhere between 2.5 and 2.7 per cent." The Nation 2015-10-22

[Jimbo2014]

On a positive note, if the GDP keeps falling far enough for long enough, eventually the government will be right! that will be an "I told you so" day