Need for more transparency on reserves

[webfact]

Need for more transparency on reserves
By Sasithorn Ongdee 
 

 

BANGKOK: -- Critics of the government routinely exploit the notion of the country being broke, the intention being to discredit the government whenever treasury reserves fall.

 

Thais have been arguing over the decline in the reserves, even those in the non-finance sector, which led to confusion over just what the drop signified. 

 

A sense of panic was easily created after treasury reserves fell to Bt75 billion at the end of December, down from Bt441.3 billion at the end of last September. The big question was where had that Bt366 billion gone.

 

What concerns citizens is whether the government is “going broke” and what consequences that eventuality might have on the economy.

 

Full story: http://www.nationmultimedia.com/news/national/30306057

 

-- © Copyright The Nation 2017-02-10

[colinneil]

Need for more transparency on reserves.

Ok thats 1 billion for you, 1 billion for me, lets leave the rest not get too greedy  

[yellowboat]

"Thais are still worried that the economy doesn’t appear to be recovering. " 

 

Not for them, but for the Thai entitled class, things are okay. 

 

"The big question was where had that Bt366 billion gone. "

 

Who is accountable in a completely accountable government ?  How will Ying Luck's accounting practices stack up against the junta's ? 

[Lupatria]

Transparency in the "Land of Curtains" tzzzzzzzzzzz

[Eric Loh]

An elected government in a democratic system will see Parliment in an uproar for the government to explain the discrepancies and pressure to provide details. Wouldn't expect the NLA to seek answers and accountability from the junta government. 

[Srikcir]

6 hours ago, yellowboat said:

How will Ying Luck's accounting practices stack up against the junta's ? 

Who has more tanks?

[Hardback]

The military government (or any govt for that matter) is transparent alright - anyone should be able to see right through them. 

[Baerboxer]

4 hours ago, Eric Loh said:

An elected government in a democratic system will see Parliment in an uproar for the government to explain the discrepancies and pressure to provide details. Wouldn't expect the NLA to seek answers and accountability from the junta government. 

 

Don't recall PTP ever bothering to present and explain accounts Eric, do you? The rice scheme was a good example. Opposition questions were ignored, shouted down, or met with different misleading figures from different Ministers - none of which appeared to have any correlation. Other challenges to different projects and expenditure were similarly met.

Still, perhaps those so far secret accounts will all be revealed during the on going negligence trial.

 

Let's see if the current government reports and issued details of expenditure are any better. Assuming they are going to issue some at some point. Although based on how questions about the Hawaii trip cost were dealt with I wouldn't hold your breath.

 

 

[BuaBS]

Not just Thailand , other countries reserves are down , like China :

[Ulic]

All too complex for me. Just tell me what the current government has to do to devalue

the baht and get me a little better value for my foreign currency. Add a few aircraft

carriers to the submarine order. A few extra tanks and fighter jets would also

help I am sure. High speed trains perhaps, or just upgrade the regular freight/passenger

trains currently in use. Spend, spend, spend I say. A little mismanagement will surely

help the tourism numbers by devaluing the baht. It is not happening fast enough as far as

I am concerned. 1997 was a great year. Lets shoot for those numbers.

[SaintLouisBlues]

15 minutes ago, Ulic said:

Just tell me what the current government has to do to devalue the baht and get me a little better value for my foreign currency.

It's not all about you! Perhaps if you could get your home country to inflate the value of its currency instead?