The slow disbursement of Thai Khem Khaeng economic stimulus funds may prompt the government to extend the plan by one more year to 2013, says Korbsak Sabhavasu, the secretary-general to Prime Minister Abhisit Vejjajiva. The latest figures show that only 43 billion baht or 26% of the first stimulus package worth 160 billion baht has been disbursed so far. For the second package worth 150 billion, about 82 billion has been allocated and 42 billion baht disbursed.

Deputy Prime Minister Trairong Suwankhiri last week threatened to cut the budgets of agencies that have yet to disburse funds or sign contracts for stimulus spending projects.

An estimated 70-80 billion baht from the two packages is expected to be cut and shifted to finance other projects that are ready for implementation, he said.

Thailand currency
The slow disbursement of Thai Khem Khaeng economic stimulus funds may prompt the government to extend the plan by one more year to 2013, says Korbsak Sabhavasu, the secretary-general to Prime Minister Abhisit Vejjajiva.

According to Dr Trairong, accelerated investment projects include a dual-track rail network and high-speed train system linking Bangkok and Rayong, the southern landbridge, and a deep seaport in the Gulf of Thailand.

via Stimulus extension likely.

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

Thailand, Pakistan, Vietnam among most vulnerable countries to energy shock

Morocco, Thailand, Vietnam and Pakistan are some of the most-affected larger economies, based on energy import and gross domestic product data from the United Nations.

Covid Left Millions in Asia Struggling for Food

The pandemic hit Asia’s food supply hard, causing a sharp increase in the number of people unable to access enough food to stay healthy and feed their families. Women, children and the poor have suffered most.

Will cryptocurrency expansion continue among emerging markets in 2022?

Emerging markets were at the forefront of last year’s massive growth in global cryptocurrency adoption. With this growth widely tipped to continue into 2022, a range of countries will see their crypto markets mature or expand.