Prime Minister Denies Government Is Broke

PM insists government are on track.

The Prime Minister has again insisted that the country’s finances are in a healthy position.

He had been responding to criticism against the government’s financial status. He assured that every project is being carried out according to regulation and for public benefit. Gen Prayut further stated that the money needs to be spent to attract foreign investment and to carry out the reform process.

Meanwhile, Finance Minister Apisak Tantiwong also responded to the criticism, assuring that there is enough money in the coffers. He noted that if the government’s reserves are too high, they will have to pay a higher interest rate.

The minister is pushing to amend legislation governing the management of financial reserves to allow the ruling body to seek a short-term emergency loan only in an event of an emergency situation. The current law allows them to take out an emergency loan with or without urgent justifications.

The minister also insisted that the increase in excise tax on aviation fuel was not due to a decline in the coffers, but to promote fair pricing. Deputy Prime Minister Somkid Jatusripitak denounced those spreading rumors of the government’s financial troubles as not understanding how they  manage the reserves.

(Source: ThaiVisa News)

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