Govt admits rice scheme debt | Bangkok Post: news

News > Local News

COMMERCE

Govt admits rice scheme debt

Published: 22 Mar 2013 at 00.00
Newspaper section: News

Deputy Commerce Minister Nattawut Saikuar has admitted the government's rice pledging scheme is ridden with debt.

Mr Nattawut, however, defended the scheme and said it is helping to stimulate the economy.

The deputy minister was grilled on the scheme in the House yesterday by Democrat MP for Phetchabun, Yuparat Bua-in.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

Most Viewed

26,000 reds recall bloodshed

Ousted premier Thaksin Shinawatra said the government's amnesty efforts must focus on absolving red shirts facing legal action in connection with the 2010 political violence rather than protest leaders or even himself.

Forum

Your comments

jacksprat
Post : 2,451
Send message

Discussion 5 : 22 Mar 2013 at 13.225
Post this to my Facebook
"Such a scheme will be one million percent loss-ridden." I wonder what that means in English.
Like dislike 2 people liked / 0 people disliked this comment
gleentea
Post : 311
Send message

Discussion 4 : 22 Mar 2013 at 11.584
Post this to my Facebook
"Thaksin said during an interview...that the policy reaps economic gains equal to three times the programme's cost."
"The programme will lead to higher government revenue through the sale of stockpiled grain," Thaksin said.
Like dislike 2 people liked / 1 people disliked this comment
bikeme
Post : 1,125
Send message

Discussion 3 : 22 Mar 2013 at 11.463
Post this to my Facebook
When will they finally admit the "government to government" sales never happened? They have been secret, can't say until next year, not sure of amount, ad naseum. Just admit you haven't sold the rice and ask for help marketing it.
Like dislike 7 people liked / 1 people disliked this comment
CMfarang
Post : 653
Send message

Discussion 2 : 22 Mar 2013 at 06.042
Post this to my Facebook
'A million per cent' loss ridden? From the pledging price to the selling price, this government has a problem with basic arithmetic.
Like dislike 17 people liked / 1 people disliked this comment
bangmodken
Post : 1,305
Send message

Discussion 1 : 22 Mar 2013 at 02.181
Post this to my Facebook
"Deputy Commerce Minister Nattawut Saikuar has admitted the government's rice pledging scheme is ridden with debt. Mr Nattawut,however,defended the scheme and said it is helping to stimulate the economy. In principle,the rice pledging scheme is aimed at stabilising the prices of farm products to help farmers,Mr Nattawut said. Such a scheme will be one million percent loss-ridden".

That makes sense...if you're a red shirt. Otherwise,it's utter and complete nonsense.
Like dislike 26 people liked / 1 people disliked this comment