ID :
52289
Wed, 03/25/2009 - 20:50
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Shortlink :
https://oananews.org//node/52289
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Economic ministers approve Bt1.57 trillion economic stimulus plan
BANGKOK, March 25 (TNA) - Thailand’s economic ministers on Wednesday agreed to initially invest about Bt1.57 trillion in a second round vitamin package for the government’s economic stimulus programme aimed at jump starting the Thai economy between 2010-2012, said Deputy Prime Minister Korbsak Sabhavasu.
Mr. Korbsak said of the total approved spending investment, Bt486.14 billion will be spent during fiscal 2010, which begins from October 1, 2009 to September 30, 2010, Bt510.56 billion in fiscal 2011 and Bt570.16 billion in fiscal 2012. The money will be spent in seven significant programmes.
However, this approved spending investment does not include another planned investment totaling Bt200 billion by Thailand's oil and gas conglomerate PTT Public Co., Ltd., he said. Details will be held during talks this Friday Mr. Korbsak said he expected the planned investment will boost gross domestic product by 5 per cent yearly, create 1.6 million new jobs in three years and help spread investment on public service to rural area.
The seven important programmes, according to Secretary-General Ampon Kittiampon of the National Economic and Social Development Board (NESDB), include improvements to water distribution systems for small-scale farming, upgrading public service, mapping plans to boost tourism revenue, improving education and improving rural people’s life and development in Thailand’s three Malay Muslim majority southern provinces.
In order to speed up the second round of the economic stimulus programme, the government’s economic ministers also acted to set up a panel, headed by the permanent secretary for finance. The committee is responsible for consider the projects, prioritise them, finding funding sources and allowing the private sector to jointly invest in the projects.
The committee must complete its study within 30 days and forward it to economic ministers for their consideration. (TNA)
Mr. Korbsak said of the total approved spending investment, Bt486.14 billion will be spent during fiscal 2010, which begins from October 1, 2009 to September 30, 2010, Bt510.56 billion in fiscal 2011 and Bt570.16 billion in fiscal 2012. The money will be spent in seven significant programmes.
However, this approved spending investment does not include another planned investment totaling Bt200 billion by Thailand's oil and gas conglomerate PTT Public Co., Ltd., he said. Details will be held during talks this Friday Mr. Korbsak said he expected the planned investment will boost gross domestic product by 5 per cent yearly, create 1.6 million new jobs in three years and help spread investment on public service to rural area.
The seven important programmes, according to Secretary-General Ampon Kittiampon of the National Economic and Social Development Board (NESDB), include improvements to water distribution systems for small-scale farming, upgrading public service, mapping plans to boost tourism revenue, improving education and improving rural people’s life and development in Thailand’s three Malay Muslim majority southern provinces.
In order to speed up the second round of the economic stimulus programme, the government’s economic ministers also acted to set up a panel, headed by the permanent secretary for finance. The committee is responsible for consider the projects, prioritise them, finding funding sources and allowing the private sector to jointly invest in the projects.
The committee must complete its study within 30 days and forward it to economic ministers for their consideration. (TNA)
