ID :
104880
Sat, 02/06/2010 - 11:20
Auther :
Shortlink :
http://m.oananews.org//node/104880
The shortlink copeid
PM sees need to gradually reduce economic stimulus measures
BANGKOK, Feb 6 (TNA) – Prime Minister Abhisit Vejjajiva on Friday revealed that the government will attempt to gradually reduce economic stimulus measures to prevent possible repercussions following the marked economic recovery as witnessed by the higher-than-expected revenue collections.
Delivering a keynote speech on “Looking Ahead for a Bright Future” at the Post Today Investment Expo 2010, he said he was confident the Thai economy is in the path of the strong recovery and is likely to enjoy better-than-expected growth in the first quarter of this year.
Thailand’s number of jobless declined from an estimated 1 million to 400,000-500,000 or 1 per cent of the country’s population while the number of foreign tourists resumed growth after shrinking by 20-30 per cent the year before.
Exports will register two-digit growth along with higher production utilization in some industrial sectors.
Mr Abhisit said the government’s revenue collection is expected to surpass the target set at Bt200 billion as applications for Board of Investment (BoI) promotion privileges surged by 60 per cent late last year.
Given these factors, the prime minister firmly believes the Thai economy is definitely on the path of recovery.
He allowed that the economy will continue to experience many risk factors, including fuel price volatility, global economic uncertainty, domestic political conflict and the impact of the unresolved investment project suspensions in the Map Ta Phut Industrial Estate.
However, improved economic figures showed that Thailand had strong economic fundamentals, which contributed to the rapid recovery.
The production sector is well-equipped with resources, particularly agricultural commodities, to help drive economic growth in the first and second quarters of this year, brining handsome incomes to farmers.
Based on sound economic fundamentals, the premier said, the government will attempt to solve existing problems by taking into account long-term economic growth.
As for the next-step economic drive, he said, the government adjusted the economic stimulus package by trying to gradually reduce stimulation since the overall economy hasd fully recovered.
The Bank of Thailand (BoT) began to take greater care of the inflation rate. Because of this, he said, the government might need to review its plan to seek loans of Bt800 billion because it wants the country’s public debt to return to normal as soon as possible. (TNA)
Delivering a keynote speech on “Looking Ahead for a Bright Future” at the Post Today Investment Expo 2010, he said he was confident the Thai economy is in the path of the strong recovery and is likely to enjoy better-than-expected growth in the first quarter of this year.
Thailand’s number of jobless declined from an estimated 1 million to 400,000-500,000 or 1 per cent of the country’s population while the number of foreign tourists resumed growth after shrinking by 20-30 per cent the year before.
Exports will register two-digit growth along with higher production utilization in some industrial sectors.
Mr Abhisit said the government’s revenue collection is expected to surpass the target set at Bt200 billion as applications for Board of Investment (BoI) promotion privileges surged by 60 per cent late last year.
Given these factors, the prime minister firmly believes the Thai economy is definitely on the path of recovery.
He allowed that the economy will continue to experience many risk factors, including fuel price volatility, global economic uncertainty, domestic political conflict and the impact of the unresolved investment project suspensions in the Map Ta Phut Industrial Estate.
However, improved economic figures showed that Thailand had strong economic fundamentals, which contributed to the rapid recovery.
The production sector is well-equipped with resources, particularly agricultural commodities, to help drive economic growth in the first and second quarters of this year, brining handsome incomes to farmers.
Based on sound economic fundamentals, the premier said, the government will attempt to solve existing problems by taking into account long-term economic growth.
As for the next-step economic drive, he said, the government adjusted the economic stimulus package by trying to gradually reduce stimulation since the overall economy hasd fully recovered.
The Bank of Thailand (BoT) began to take greater care of the inflation rate. Because of this, he said, the government might need to review its plan to seek loans of Bt800 billion because it wants the country’s public debt to return to normal as soon as possible. (TNA)
