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Ready-to-eat meals not under price control

Deputy Prime Minister and Finance Minister Kittiratt Na Ranong has admitted that ready-to-eat meals cannot be placed on the government’s price control list due to a wide range of production costs among entrepreneurs.

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Bangkok Street Vendor

Deputy Prime Minister and Finance Minister Kittiratt Na Ranong has admitted that ready-to-eat meals cannot be placed on the government’s price control list due to a wide range of production costs among entrepreneurs. Mr. Kittiratt indicated during the Cabinet meeting today that it would be impossible to cap prices of ready-to-eat foods across the country at the same levels, reasoning that their prices are often determined by space rental fee, costs of ingredients and the level of services which vary from one operator to another.

Therefore, he suggested that it would be necessary to ask food vendors for cooperation in maintaining their prices, given prices of farm products have already begun to decline. According to the reports, the Cabinet has tasked Mr. Kittiratt and Commerce Minister Boonsong Teriyapirom to jointly conduct a feasibility study on food prices and develop controlling measures, taking into account all factors involved. The result will be submitted to the Cabinet for consideration at its next mobile meeting in Kanchanaburi province. Ready-to-eat meals not to come under price control : National News Bureau of Thailand

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BANGKOK (NNT) – Thailand’s Public Debt Management Office (PDMO) plans to issue “Ying Aom Ying Dai” (the more you save, the more you earn) government savings bonds, worth 50 billion baht, next month, aiming to use the funds to finance state projects to ease the impacts of the pandemic.

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Economics

Thai Government Plans to Increase 2022 Investment Budget by 90 Billion baht ($2.84 bln)

According to the 2022 fiscal budget bill, which has public spending set at 3.1 trillion baht, accounting for 17.9% of GDP, the government would need to borrow 700 billion baht to offset the deficit.

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BANGKOK (NNT) – The Budget Bureau notes that the Thai government plans to increase its investment budget by 90 billion baht in the fiscal year 2022, in compliance with a law related to state financial and fiscal discipline.

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