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NLA passed final reading of the 2017 budget bill in just 2 and half hours


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NLA passed final reading of the 2017 budget bill in just 2 and half hours

 

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BANGKOK: -- The National Legislative Assembly on Thursday spent just two and a half hours in passing the first and final reading of the 2.73 trillion baht expenditure budget for 2017 fiscal year.

 

Altogether 183 votes in support of the budget bill with two abstentions. One assemblyman however did not vote.

 

Only a handful of assemblymen took to the floor to debate on the bill which was already scrutinized by the scrutiny committee with 17.9 billion baht of the proposed spendings reallocated and readjusted.

 

Finance Minister Apisak Tantiworawong, also chair of the scrutiny committee, said the committee decided to reallocate about 17.9 billion baht in proposed expenditure in conformity with the framework of the 20-year national strategy and the 12th national economic and social development master plan and the government’s key policies.

 

Full story: http://englishnews.thaipbs.or.th/nla-passed-final-reading-2017-budget-bill-just-2-half-hours/

 
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-- © Copyright Thai PBS 2016-09-09
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One of my friends stated that he likes what has happened since the coup he sees the 'improvement in  infrastructure', which I don't disagree with in my general area anyway.

 

However, I am sure that the budgets for a lot of the infrastructure improvements have been in the pipeline well before the coup, and also when you wield absolute power budget committees, or whatever exists here, do not get in the way.

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"After the vote, Deputy Prime Minister Wisanu Krea-ngam said, on behalf of the government, that the government would make use of the budget strictly in accordance with the law bearing in mind good governance, transparency and adherence to fiscal discipline"

 

Err, well, ahum, OK, if you say so.

I believe you, thousands wouldn't.

Edited by BigBadGeordie
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A 2017 budget deficit of 390 billion baht which is no change from 2016.  Total projected expenditure for 2017 is  2.73 trillion baht. Where the receipts come from is anybody's guess.

 

The government is hoping like crazy that spending on infrastructure will boost the economy. What little there is of foreign and domestic investment seems to be doing nothing to help.

 

In theory infrastructure spending should work but spending it on imported wartoys like submarines and tanks does nothing for the economy except use up funds that should be spent elsewhere like on health and education and road, marine and construction safety.

 

But the people should not be concerned because the Deputy PM Prawit said last year ........ "Every purchase of weaponry is made for the people." So there!

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"...Altogether 183 votes in support of the budget bill with two abstentions. One assemblyman however did not vote..."

 

Very odd that one assemblyman not vote. Also, what about the other 34 eligible voters of the current 220-member NLA? Did they vote "NO", or did they simply not bother to turn up for what one would think was a very important budget meeting?

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4 minutes ago, waldroj said:

"...Altogether 183 votes in support of the budget bill with two abstentions. One assemblyman however did not vote..."

 

Very odd that one assemblyman not vote. Also, what about the other 34 eligible voters of the current 220-member NLA? Did they vote "NO", or did they simply not bother to turn up for what one would think was a very important budget meeting?

Foregone conclusion so maybe the missing members had better things to do.

I'll leave members to decide themselves what that might be.   :D

 

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2 hours ago, Brer Fox said:

A 2017 budget deficit of 390 billion baht which is no change from 2016.  Total projected expenditure for 2017 is  2.73 trillion baht. Where the receipts come from is anybody's guess.

 

The government is hoping like crazy that spending on infrastructure will boost the economy. What little there is of foreign and domestic investment seems to be doing nothing to help.

 

In theory infrastructure spending should work but spending it on imported wartoys like submarines and tanks does nothing for the economy except use up funds that should be spent elsewhere like on health and education and road, marine and construction safety.

 

But the people should not be concerned because the Deputy PM Prawit said last year ........ "Every purchase of weaponry is made for the people." So there!

several countries have tried to spend their way out of recession and it does not work. japan tried it and racked up large debts without any real long term benefits. thailand needs to produce more agricultural goods at competitive world prices and increase manufacturing for export (they have done the opposite by scaring off foreign investors) increasing tourism although a small part of the economy can help as it supports a reasonable number of low income earners. again thailand has done a poor job in improving overall tourist expenditure in the kingdom. all of these ideas take innovative ideas to implement. borrowing and spending is not so innovative.

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4 hours ago, maoro2013 said:

he sees the 'improvement in  infrastructure',

Remember that the massive number of infrastructure projects being heralded by the Prayut regime is largely to provide an economic stimulus against a sustained collapse of revenues from contracting exports. Thailand had relied on export for 70% of its GDP.  Since the coup for reasons within and outside coup leadership export revenue has contracted for almost the entire period of the Prayut regime.

As a consequence, what might have otherwise been a steady progression of infrastructure projects over a 3-8 year period under the Yingluck regime had she continued in office, the number of funded infrastructure projects are being compressed into a 1-2 year period under Prayut. With elections promised in 2017 Prayut's record for funding many more infrastructure projects than Yingluck might become a political promotion to advance candidacy of people currently associated with Prayut's regime, including Prayut himself.

Edited by Srikcir
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8 hours ago, webfact said:

NLA passed final reading of the 2017 budget bill in just 2 and half hours

 

8 hours ago, webfact said:

183 votes in support of the budget bill with two abstentions. One assemblyman however did not vote.

May 2016 - The Cabinet gave the green light to the 2017 expenditure budget, worth 2.73 trillion baht

June 2016 - Prayut spent about three hours today (Thursday) elaborating the gist of the 2.7 trillion baht budget bill for 2017 fiscal year to members of the National Legislative Assembly

June 2016 - The National Legislative Assembly of the 2017 fiscal year’s 2.7 trillion baht budget bill unanimously passed the first reading

September 2016 – NLA passes FY 2017 Budget.

No reduction in the PM budget, slight reallocation,  and passed with no opposition. Amazing legislative efficiency when there is no check and balance.

 

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A 2017 budget deficit of 390 billion baht which is no change from 2016.  Total projected expenditure for 2017 is  2.73 trillion baht. Where the receipts come from is anybody's guess.

 

The government is hoping like crazy that spending on infrastructure will boost the economy. What little there is of foreign and domestic investment seems to be doing nothing to help.

 

In theory infrastructure spending should work but spending it on imported wartoys like submarines and tanks does nothing for the economy except use up funds that should be spent elsewhere like on health and education and road, marine and construction safety.

 

But the people should not be concerned because the Deputy PM Prawit said last year ........ "Every purchase of weaponry is made for the people." So there!


Well yes, they ( the people) are what it will be used on after all...
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We all remember when america was thriving on credit card debt,housing loans ,and easy loans none of which the borrowers could afford. Eventually the whole thing came crashing down as people stopped paying all the loans. All that chaos was handed nicely to obama and he took the blame for all of it. The same is happening with credit being pushed on the people in every sector to make it look like everyone is prosperous. The great thing is the next government will have to follow through on almost all of the current government policy for the next 20 years. And when it all goes pear shaped the new elected government with no power will be completely responsible. Advice to pt, let the Dems have what they have created, it's not going to be pretty. 

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I did not see the extra 125 million that was announced on the news as being gifted to the military. Do they have an oversight committee. Is this all taking place in the old parliament buildings that will be replaced by the new much delayed parliament buildings. If so what a waste of taxpayer money. 

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30 minutes ago, greenchair said:

We all remember when america was thriving on credit card debt,housing loans ,and easy loans none of which the borrowers could afford. Eventually the whole thing came crashing down as people stopped paying all the loans. All that chaos was handed nicely to obama and he took the blame for all of it. The same is happening with credit being pushed on the people in every sector to make it look like everyone is prosperous. The great thing is the next government will have to follow through on almost all of the current government policy for the next 20 years. And when it all goes pear shaped the new elected government with no power will be completely responsible. Advice to pt, let the Dems have what they have created, it's not going to be pretty. 

Yes history shows one politician creates a major problem and then bows out and hands it over to his predecessor. Then the party of the politician that created the problem throws stones at the incoming politician claiming its all his fault Bush vs Obama. Talk about greased pigs these guys easily top that. 

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5 hours ago, Srikcir said:

Remember that the massive number of infrastructure projects being heralded by the Prayut regime is largely to provide an economic stimulus against a sustained collapse of revenues from contracting exports. Thailand had relied on export for 70% of its GDP.  Since the coup for reasons within and outside coup leadership export revenue has contracted for almost the entire period of the Prayut regime.

As a consequence, what might have otherwise been a steady progression of infrastructure projects over a 3-8 year period under the Yingluck regime had she continued in office, the number of funded infrastructure projects are being compressed into a 1-2 year period under Prayut. With elections promised in 2017 Prayut's record for funding many more infrastructure projects than Yingluck might become a political promotion to advance candidacy of people currently associated with Prayut's regime, including Prayut himself.

And not only that political horizons are short term. A funding problem may well be left for the future government.

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