Home » News » Thavisin’s 10,000 Baht Loan Bill and the Debate in Parliament: Crisis Stimulus or Unnecessary Spending?

Thavisin’s 10,000 Baht Loan Bill and the Debate in Parliament: Crisis Stimulus or Unnecessary Spending?

The Prime Minister believes that 320 votes from the coalition support the 10,000 baht loan bill passed by the House of Representatives. He declares that he can earn money and uses the money. He explains that the project has been delayed because every voice must be listened to. He emphasizes that it is necessary that the country is in a crisis that must be stimulated.

At 2:00 p.m. on November 12 (local time in San Francisco, USA, 15 hours later than Bangkok), Mr. Settha Thavisin, Prime Minister and Minister of Finance, gave an interview through the Digital Wall project. Let gives away 10,000 baht. People in society agree, disagree and support that clear information must be given. and do not want Thai society, including the opposition, the government, the opposing party, or the same group I don’t want a flag. I’d like to hear opinions on what the pros and cons are. Then bring it up and talk about it.

The reporter asked about the case. Ms. Sirikanya Tansakul, Deputy Leader of the Progressive Party Indicates that such a project may not materialize. and may not pass the parliament People will not have the opportunity to receive real money. Mr. Settha said, “I am confident that my voice For example, the coalition government has 320 votes. I think my voice is stable. And we work as a team and believe that we will pass.” Will Thai people have the opportunity to use 10,000 baht or not? The Prime Minister reiterated that he is confident that it is the duty of government leaders to listen to the people’s voices. The project was delayed from the announcement because our team had to listen to all opinions. including the issuance of an Act setting criteria for rich people Income limits discussed and debated

When asked whether this project would have any accidents that would cause disruption, Mr. Settha said he was confident that this policy was a good, appropriate policy and not related to technical or legal matters. The government insists it did everything right. And the Council of State will probably give a positive opinion and we can do this project. But there is only one point. There is a question that we are now in a crisis. or not in a crisis Is there a crisis or necessity? If we say there is a crisis and the need is that we have negative GDP. You probably don’t have to do that. Because GDP is not negative yet, but 9-10 years ago, GDP was only 1.9% per year. We had no economic growth. But other countries are 2 times bigger than us, Thailand’s competitors. Both Vietnam, Malaysia, Indonesia, and the Philippines are growing. In the past, they could live in our world alone, but now we live in a world of competition. If there is no economic growth One day, no one may want to invest in Thailand. The government believes we are in a crisis that needs stimulus. Even if others say it’s not necessary. You don’t have to spend this much money. Stimulating only the poor with really low incomes is enough. If we keep arguing like this, it won’t end.

The reporter asked: Some Pheu Thai Party voters feel disappointed who are not eligible to receive money Because there is more than 5 hundred thousand baht in savings, both due to savings discipline and has an income not exceeding 70,000 baht. Mr. Settha said he understands and sympathizes but must listen to all sectors. Both the National Economic and Social Development Council and the Bank of Thailand It is clear that it is not given to rich people. And there was a question about the criteria for rich people. The numbers must be clearly defined at a certain point. For people with incomes exceeding 70,000 baht and savings exceeding 500,000 baht, the government has launched the Erifun project. If you spend, you will get back approximately 10,000 baht, equivalent to money in the digital wallet project. that the team has already thought of Including long-term projects in the Fund to Promote Competition in the New Industrial Sector, targets such as EV microchips in the amount of 100 billion baht to be used in June 2024 that must be urgently done.

When asked if people have doubts about whether a deposit of 500,000 baht includes the Government Savings Bank, debentures, mutual funds and retirement funds, the Prime Minister said that only deposits are counted. Mutual funds are not counted because they cannot be verified. Retirement money If it goes into the account, it also counts. Cash kept at home is not counted. It will start checking if there is money in the account from September 2023, when the government of Gen. Prayut Chan-ocha added money to the Paotang application. to stimulate the economy, but found that 15% had no spending Because people don’t use it.

The reporter asked: People are not sure that The government will have enough money to spend on the digital wallet project. Even though people previously believed that the Pheu Thai Party was able to earn money and spend money, the Prime Minister said, “I am the Prime Minister from which party? The Pheu Thai Party. The media says that I can earn money and use money. I am confident that I can earn money and spend The money is. As for the source of the issue, it will be Loan Act, the BoT Governor himself has stated that The Prime Minister is better off borrowing now from 61% to 64% because the loan ceiling is at 70%. If you put it into a project plus other projects, you can borrow it. and if the GDP level is raised The ratio of public debt to GDP will decrease accordingly. Even if the debt increases But if GDP is greater, debt will decrease.”

2023-11-13 01:06:00
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