webfact Posted February 1, 2016 Share Posted February 1, 2016 Government's total assets worth about 6.6 trillion bahtBANGKOK: -- The government’s assets at the end of 2015 fiscal year amounted to 6.6 trillion baht, according to the Comptroller’s Department.The assets include 10.35 million rai of land worth about 3.8 trillion baht accounting for 57 percent of the assets, state investments in 62 state enterprises worth about 1.7 trillion baht and 450 billion baht in reserve fund.On the liabilities side, the government has debts totaling 4.6 trillion baht of which 4.2 trillion baht are loans in the form of government bonds.During the 2015 fiscal year, Comptroller’s Department reported that the government’s overall revenues totalled 2.1 trillion baht representing an increase of 6 percent from the revenues of the preceding fiscal year.The revenues include 470 billion baht increase in excise tax and 260 billion baht increase in commercial revenues.Government expenditures were 270 billion baht higher than revenues 93 percent of which were budgetary expenditures. Source: http://englishnews.thaipbs.or.th/content/149055 -- Thai PBS 2016-02-02 Link to comment Share on other sites More sharing options...
leeneeds Posted February 1, 2016 Share Posted February 1, 2016 450 billion in reserve fund , a fund that is slowly shrinking, given away for the rice , rubber , water , i wish the monies given would change the stubbornness , take off the blinkers and to be able to embrace change , that is so sorely needed, Link to comment Share on other sites More sharing options...
Wilsonandson Posted February 2, 2016 Share Posted February 2, 2016 57% land assets, so when the government can't repay the loans, they can sell the land? Link to comment Share on other sites More sharing options...
trogers Posted February 2, 2016 Share Posted February 2, 2016 Which government in the world is the largest net debtor - with liabilities more than asset? Link to comment Share on other sites More sharing options...
ezzra Posted February 2, 2016 Share Posted February 2, 2016 They would have much more in real assets if it weren't for the rampant corruptions, stealing and thieving by the very same people who suppose to safeguard those assets.... Link to comment Share on other sites More sharing options...
leeneeds Posted February 2, 2016 Share Posted February 2, 2016 Which government in the world is the largest net debtor - with liabilities more than asset? i have no idea Link to comment Share on other sites More sharing options...
trogers Posted February 2, 2016 Share Posted February 2, 2016 They would have much more in real assets if it weren't for the rampant corruptions, stealing and thieving by the very same people who suppose to safeguard those assets.... Stealing can take many forms. Some can be in the form of bailing out corporates using taxes and govt debts. Link to comment Share on other sites More sharing options...
trogers Posted February 2, 2016 Share Posted February 2, 2016 (edited) Which government in the world is the largest net debtor - with liabilities more than asset?i have no ideaThe one with the statue of a lady holding a torch and facing Europe... Edited February 2, 2016 by trogers Link to comment Share on other sites More sharing options...
harrry Posted February 2, 2016 Share Posted February 2, 2016 A lttle more worrying than I thought. Land values are volatile and if a countries people are not in a possition to buy the land and pay the price values they are worthless. State enterprises also seem to have both over inflated balance sheedts and at least underperforming executives. Link to comment Share on other sites More sharing options...
klauskunkel Posted February 2, 2016 Share Posted February 2, 2016 So, these assets belong to the government, not to the Thai people. What about the government's debts, they at least belong to the Thai people, right? Link to comment Share on other sites More sharing options...
trogers Posted February 2, 2016 Share Posted February 2, 2016 So, these assets belong to the government, not to the Thai people. What about the government's debts, they at least belong to the Thai people, right? Thinking like the previous government? Link to comment Share on other sites More sharing options...
ratcatcher Posted February 2, 2016 Share Posted February 2, 2016 Which government in the world is the largest net debtor - with liabilities more than asset?i have no ideaThe one with the statue of a lady holding a torch and facing Europe... Oh say can you see? http://www.financialsense.com/contributors/leslie-cuadra/2011/08/31/list-of-worlds-largest-creditor-and-debtor-nations Link to comment Share on other sites More sharing options...
Srikcir Posted February 2, 2016 Share Posted February 2, 2016 Which government in the world is the largest net debtor - with liabilities more than asset?i have no ideaThe one with the statue of a lady holding a torch and facing Europe... Oh say can you see? http://www.financialsense.com/contributors/leslie-cuadra/2011/08/31/list-of-worlds-largest-creditor-and-debtor-nations Now it's "José, can you see?" Link to comment Share on other sites More sharing options...
Srikcir Posted February 2, 2016 Share Posted February 2, 2016 What would be really interesting is the value of Thai military-owned assets. It apparently owns land separate from Thai government ownership for which its has the right to develop, including resources. And I doubt the military would concede civilian government ownership of all its weapon systems, bases and facilities just because taxpayer funds were used to provide such things. Link to comment Share on other sites More sharing options...
trogers Posted February 2, 2016 Share Posted February 2, 2016 What would be really interesting is the value of Thai military-owned assets. It apparently owns land separate from Thai government ownership for which its has the right to develop, including resources. And I doubt the military would concede civilian government ownership of all its weapon systems, bases and facilities just because taxpayer funds were used to provide such things. I recall twice the US government ran out of money to pay for the running of the government. They could have sold a couple of aircraft carriers and submarines to China. But they didn't. I wonder why... Link to comment Share on other sites More sharing options...
ldiablo Posted February 2, 2016 Share Posted February 2, 2016 Which government in the world is the largest net debtor - with liabilities more than asset? This is called Thailand news not American news, so who cares. Link to comment Share on other sites More sharing options...
trogers Posted February 2, 2016 Share Posted February 2, 2016 Which government in the world is the largest net debtor - with liabilities more than asset?This is called Thailand news not American news, so who cares. Such news need a measuring ruler, in this case, Thailand's position in the world. Link to comment Share on other sites More sharing options...
Krungbin Posted February 2, 2016 Share Posted February 2, 2016 (edited) Which government in the world is the largest net debtor - with liabilities more than asset?Greece, Japan... and quite a few more... Edited February 2, 2016 by Krungbin Link to comment Share on other sites More sharing options...
trogers Posted February 2, 2016 Share Posted February 2, 2016 Which government in the world is the largest net debtor - with liabilities more than asset?Greece, Japan... and quite a few more... Though Japan government has high debts, their net position is still positive, with assets being higher than liabilities. Link to comment Share on other sites More sharing options...
BuaBS Posted February 2, 2016 Share Posted February 2, 2016 Yes ,but only around 200 billion Baht in REAL money : GOLD. Link to comment Share on other sites More sharing options...
Gsxrnz Posted February 2, 2016 Share Posted February 2, 2016 Whether you're an individual, a company, or a government, debt is (and always will be) the cheapest form of equity. With the obvious proviso that the cash generated from the use of the debt should be more than the debt servicing costs. In other words, don't borrow to consume. Borrow to invest or improve productivity. Read my quote from gold ol' Oscar below. Link to comment Share on other sites More sharing options...
trogers Posted February 2, 2016 Share Posted February 2, 2016 Yes ,but only around 200 billion Baht in REAL money : GOLD. Could be more than what is in Fort Knox... ? Link to comment Share on other sites More sharing options...
Gsxrnz Posted February 2, 2016 Share Posted February 2, 2016 Yes ,but only around 200 billion Baht in REAL money : GOLD. I suspect that in the event of complete social breakdown, toilet paper will be more valuable (by weight) than gold. Link to comment Share on other sites More sharing options...
trogers Posted February 2, 2016 Share Posted February 2, 2016 Whether you're an individual, a company, or a government, debt is (and always will be) the cheapest form of equity. With the obvious proviso that the cash generated from the use of the debt should be more than the debt servicing costs. In other words, don't borrow to consume. Borrow to invest or improve productivity. Read my quote from gold ol' Oscar below. In other words, self-financing... Hmmm... Where have I heard this term before? ? Link to comment Share on other sites More sharing options...
gandalf12 Posted February 2, 2016 Share Posted February 2, 2016 (edited) Which government in the world is the largest net debtor - with liabilities more than asset?i have no ideaThe one with the statue of a lady holding a torch and facing Europe... It has been said that if the USA called in all the money that other countries owed it, and the other countries did the same for the money the USA owes them, the USA would be bankrupt Edited February 2, 2016 by gandalf12 Link to comment Share on other sites More sharing options...
BuaBS Posted February 2, 2016 Share Posted February 2, 2016 Yes ,but only around 200 billion Baht in REAL money : GOLD. I suspect that in the event of complete social breakdown, toilet paper will be more valuable (by weight) than gold. No it isn't .... this is Thailand . We have the bumgun ! The Venezuelans could learn a lot from Thailand. The ultimate would be a golden bumgun... Link to comment Share on other sites More sharing options...
Seligne2 Posted February 2, 2016 Share Posted February 2, 2016 I wonder if the assets of the Crown Property Bureau are counted as government assets. It's only ~US$50 billion. Link to comment Share on other sites More sharing options...
Praematura Posted February 2, 2016 Share Posted February 2, 2016 Trillions in the trough, good thing this government is transparent and honest. [emoji19] Link to comment Share on other sites More sharing options...
.png.3b3332cc2256ad0edbc2fe9404feeef0.png)
.thumb.png.76be522b3b43e7458166b9dac9e422ed.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