Cabinet approves midyear budget

Published: 13/01/2009 at 03:17 PM
Online news: Breakingnews

The cabinet on Tuesday approved the 116.7-billion-baht mid-year supplementary budget for fiscal 2009 as proposed by the Budget Bureau.

Banthoon Supakwanich, director of the Budget Bureau, said the mid-year budget will be used for 18 projects intended to stimulate the economy, with emphasis on solving labour problems.

Agencies concerned will submit their spending plans and details of the projects to the cabinet for consideration on Jan 20.

The cabinet also approved in principle a proposal for state officials and employees who are members of the Social Security Fund whose salaries are below 14,000 baht per month to get 2,000 baht month in monthly allowance for six months starting April 1.

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grey matter

Discussion 5 : 14/01/2009 at 07:46 AM5
Investor #3. I think your name shows clearly how you think. An investor only puts his money in ideas and businesses that other people have thought up without ever trying to create their own businesses. If all thais ever take your attitude we are in doom. Why do we all have to look to the government to lift us all? Why do we not try to help ourselves first, create our own opportunities and in the end make our country grow, which is the true basis of self sufficiency ideas. And while gas prices are cheap, do you think we will not prepare ourselves when they go up. The only way a country can grow is if its people work together, think, and create not by taking the attitude of waiting for others such as the government to pull us up. The only thing that will drag us down is our attitudes.
Andre M.

Discussion 4 : 13/01/2009 at 11:47 PM4
Investor #3

I wonder what PhD you have, certainly not in economics, rumor mongering perhaps??
Investor

Discussion 3 : 13/01/2009 at 09:12 PM3
Thai people lost their job in greater numbers. They do not even have money to sustain their livelihood, let alone to invest in the market.

Foreign investors are staying away from Thai market because of the illegitimate government and its clueless action toward improving the economy.

Government policy is to enslave Thai people’s future with new huge debt. The so-called stimulus packages are nothing but a scam to fatten their own pockets and to popularize themselves with new social programs; this, in the midst of economic downturn and increasing budget and trade deficit.

Just wait until gas price recover and start to move up to cause another round of inflation and adding more on budget and trade deficit.

I can see Thai economy going nowhere, but down. Inflation will be wild and uncontrollable. Export will be down. There will be no major foreign investment in the near future!
Gimmie

Discussion 2 : 13/01/2009 at 08:36 PM2
So around 20 billion of this will go to the “friends”
Pornthep J

Discussion 1 : 13/01/2009 at 04:31 PM1
Please be careful with tax-payer money.

Cabinet approves midyear budget