Kittiratt says rice scheme losses won't reach B300bn

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Kittiratt says rice scheme losses won't reach B300bn

Published: 23 Nov 2012 at 00.00
Newspaper section: News

Deputy Prime Minister and Finance Minister Kittiratt Na-Ranong has insisted the government's rice pledging will not incur losses of up to 300 billion baht as critics claim, and says he is ready to clarify the scheme.

Mr Kittiratt's remarks yesterday were in response to a research study by the Thailand Development Research Institute (TDRI). The study claimed that the rice pledging scheme would swell public debt and hurt the country's economy.

The TDRI was behind the Democrat-led government's rice price guarantee scheme, so the institute's criticism of the Pheu Thai-led government's policy is to be expected, he said.

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banmebkk
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Discussion 11 : 23 Nov 2012 at 18.0711
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"He said the rice pledging scheme, which pays 15,000 baht per tonne for white rice paddy, might incur some losses"

Looks like Kittiratt is finally admitting that this policy puts the country in debt and not sustainable like they said.
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dao
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Discussion 10 : 23 Nov 2012 at 16.2310
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Responsible governemnt doesnt need to do secret deals and destroy industry .
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samut
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Discussion 9 : 23 Nov 2012 at 14.329
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Keeping trade figures secret is not only wrong but unconstitutional as well and of course will support suspicions. If you have nothing to hide show what you have.
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bluebottle
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Discussion 8 : 23 Nov 2012 at 13.288
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He has been wrong before why should things change.Keep digging that big hole and with a bit of luck you will fall in it and then someone with some common sense can try and untangle the mess you have made.
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bkposter
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Discussion 7 : 23 Nov 2012 at 11.307
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RE: D1 you have made the accusations, but not shown even one shred of proof to back up your allegations. The scheme may be good for rice farmers and those that are in the market of buying and selling rice, but it is not all TS's people. The whole general idea of trying to have state minimums on rice to me is a poor plan, but it is not illegal, and no proof of a government sponsored corruption has been shown. In my opinion the promotion of other crops other than rice would have been the way to slow the supply of rice and raise the price w/o any government subsidies.
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elvis
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Discussion 6 : 23 Nov 2012 at 10.326
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The losses won't reach 300 billion? Are we supposed to be relieved by this news?
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dao
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Discussion 5 : 23 Nov 2012 at 09.475
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Lets debate the losses .How sad .
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joninnak
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Discussion 4 : 23 Nov 2012 at 09.434
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Deputy Prime Minister and Finance Minister Kittiratt Na-Ranong says he is ready to clarify the scheme. He has had months to clarify the scheme but hasn't. I don't think he knows or anyone else knows how.
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bubpa
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Discussion 3 : 23 Nov 2012 at 09.243
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Mr. Kittirat, please admit you made a big mistake and try to do it right. Please show some compassion for the poor rice farmers and other types of farmers as well.
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mitrapaap
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Discussion 2 : 23 Nov 2012 at 07.212
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The problem is that different groups have plenty of figures and information why this scheme is no good, but the government has none to really counter the accusations. Instead, they try to keep numbers secret. Totally wrong.
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Kittiratt says rice scheme losses won't reach B300bn | Bangkok Post: news