ID :
131273
Sun, 07/04/2010 - 14:01
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Shortlink :
http://m.oananews.org//node/131273
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Thai PM confident of government's ability to resolve debts outside legalised financial system
BANGKOK, July 4 - Thailand's Prime Minister Abhisit Vejjajiva said Sunday that he is confident on his government's ability to successfully use its ongoing measures to assist debtors outside the conventional legal financial system as it has already helped resolve problems for some 200,000 debtors who have registered with it.
Mr Abhisit said during his weekly TV and radio address that his government had already discussed the public's financial concerns with relevant agencies and believes it could help resolve the debts for another 200,000 people after the additional public assistance measures are issued before the end of July.
The main problem is that debtors have no guarantors. Details are being worked out as to whether any state agency can serve as their guarantor, Mr Abhisit said, adding that if guarantors could be found, an additional 100,000-200,000 debtors could enter the system.
Regarding those debtors who have already left the government-sponsored debt restructuring assistance programme, Mr Abhisit said close monitoring will be made to determine how effectively they might lower their debts.
"So far, measures solving debts outside the legalised system are achieving a very great success," said Mr Abhisit, adding that his government is confident it could help solve the people’s burden.
Regarding the Cabinet decision made last Tuesday extending measures to lower the cost of living for low-income earners for another six months -- until the end of December, Mr Abhisit said he had ordered government agencies to study if the measures could impact monetary and fiscal policies if they are made permanent.
The economic assistance measures include free electricity for households using less than 90 units per month, free transportation on 800 public buses on 73 Bangkok routes, and free passage on 172 daily third-class railway trains.
The Cabinet also approved freezing prices of liquefied petroleum gas (LPG) and natural gas vehicle fuels beginning in September and being implemented through February 2011.
"If resources are sufficient for local use," the prime minister said, "the public should then be able to buy them at reasonable price without depending on world prices."
Mr Abhisit said he is confident that measures to help low-income earners will not impact monetary and fiscal measures if they are made permanent. (MCOT online news)
Mr Abhisit said during his weekly TV and radio address that his government had already discussed the public's financial concerns with relevant agencies and believes it could help resolve the debts for another 200,000 people after the additional public assistance measures are issued before the end of July.
The main problem is that debtors have no guarantors. Details are being worked out as to whether any state agency can serve as their guarantor, Mr Abhisit said, adding that if guarantors could be found, an additional 100,000-200,000 debtors could enter the system.
Regarding those debtors who have already left the government-sponsored debt restructuring assistance programme, Mr Abhisit said close monitoring will be made to determine how effectively they might lower their debts.
"So far, measures solving debts outside the legalised system are achieving a very great success," said Mr Abhisit, adding that his government is confident it could help solve the people’s burden.
Regarding the Cabinet decision made last Tuesday extending measures to lower the cost of living for low-income earners for another six months -- until the end of December, Mr Abhisit said he had ordered government agencies to study if the measures could impact monetary and fiscal policies if they are made permanent.
The economic assistance measures include free electricity for households using less than 90 units per month, free transportation on 800 public buses on 73 Bangkok routes, and free passage on 172 daily third-class railway trains.
The Cabinet also approved freezing prices of liquefied petroleum gas (LPG) and natural gas vehicle fuels beginning in September and being implemented through February 2011.
"If resources are sufficient for local use," the prime minister said, "the public should then be able to buy them at reasonable price without depending on world prices."
Mr Abhisit said he is confident that measures to help low-income earners will not impact monetary and fiscal measures if they are made permanent. (MCOT online news)
