Thread: Thailand : Cabinet approves additional Bt100 bn budget

ECONOMY

Cabinet approves additional Bt100 bn budget
Tue, November 4, 2008 : Last updated 16:01 hours

The Cabinet on Tuesday approved the additional budget of Bt100 billion, in a bid to boost the economy in 2009.

Finance Minister Suchart Thadathamrongvej said that the budget would ensure another 1 percentage point in economic growth. The additional amount would boost the deficit in the fiscal year from Bt249 billion to Bt349 billion or about 3.5 per cent of gross domestic product.

His deputy Pradit Pataraprasit added that the Cabinet also appointed Deputy Prime Minister Olarn Chaiprawat as chairman of the committee to study how to allocate the Bt100 billion budget, to achieve the government's goals.

Suchart asserted that next week, the Cabinet would be asked to extend the deadline of stimulus measures for the property market. The temporary property-related tax cuts would end in March, 2009

nationmultimedia.com

Originally Posted by Mid

His deputy Pradit Pataraprasit added that the Cabinet also appointed Deputy Prime Minister Olarn Chaiprawat as chairman of the committee to study how to allocate the Bt100 billion budget, to achieve the government's goals.

Olarn comes from Nan.
The city was blockaded last week during a demonstration about the price of sweetcorn.
I wonder if Nan will get an allocation

gotta be a great gig if ya can get it ,

here's a 100 billion go spend it ........................

Originally Posted by Mid

His deputy Pradit Pataraprasit added that the Cabinet also appointed Deputy Prime Minister Olarn Chaiprawat as chairman of the committee to study how to allocate the Bt100 billion budget, to achieve the government's goals.

With said goals being making themselves very, very rich. They wil be burning the midnight oil to slice that pie up.