Ministry eyes stimulus from fund dispersal | Bangkok Post: business

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Ministry eyes stimulus from fund dispersal

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The Finance Ministry wants to speed budget disbursements over the next three months to support economic growth and help to withstand sluggish global conditions. 

Pongpanu Svetarundra, deputy finance permanent secretary, said the ministry plans to disburse 250 billion baht in funds for new public investment programmes through state agencies and state enterprises in the final quarter of fiscal 2013 ending Sept 30.

While the government has no special policy to boost fiscal spending, ensuring that already-budgeted programmes are carried out on schedule will help the overall economy at a time when global conditions remain weak, he said.

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