35bn baht economic stimulus campaign to be approved on 12 Feb

BANGKOK, 9 February 2016 (NNT) – More fundamental economic stimulus measures under the civil-state policy is set to be approved with a budget of 35 billion baht in a conference on 12 February, says Village and Urban Community Fund chief.

The Office of Village and Urban Community Fund Director Nathee Clibtong has revealed that the office is set to approve the manual and regulations to run projects under the fundamental economic stimulus campaign within a 35 billion baht budget on 12 February 2016, allowing the proposed project to commence immediately after approval.

He said more than 30,000 funds have been requested under this campaign to promote long-term and sustainable developments in villages and communities, while the office is recruiting community volunteers to monitor the progress and outcome of local projects, and to promote a conciliatory approach in both the project's social and economical aspects

The criteria for project approval include the public benefits, employment and income generation in communities, infrastructure development, basic manufacturing factors development, and water sources development.

The Village and Urban Community Fund's chief further disclosed that all project in this campaign should operate under the civil-state mechanism to receive support from the government sector, but the main principles are that the participants are responsible for the projects, emphasizing on ownership through engagement.


-- NNT 2016-02-09

So much money ready to line the wrong pockets.

Short term fixes that benefit the few. I have already witnessed a few of these scams.

The socialists will cheer.

Japan has spent 20.2 trillion yen ($210 billion) trying to stimulate its economy and yet just today the Nikkei has crashed 5.4% which is the biggest drop since June 2013, dropping over 900 points. so it was obviously a complete failure there..

Does Thailand have a better chance?

Thailand must have some very large money trees growing somewhere we are unaware of.

this campaign should operate under the civil-state mechanism to receive support from the government sector, but the main principles are that the participants are responsible for the projects, emphasizing on ownership through engagement.

TRANSLATION:

Government provides the funds and the chiefs will monitor its use.

Thank you very much and please send more money!

Very nice if all chiefs are to be trusted.