ID :
78420
Fri, 09/04/2009 - 16:44
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http://m.oananews.org//node/78420
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Thai PM officially launches government project to stimulate economy
NONTHABURI, Sept 4 (TNA) – Thailand's Prime Minister Abhisit Vejjajiva officially launched on Friday the government’s Stronger Thai project, valued at over one trillion baht, to boost the local economy in the next three years.
The prime minister presided over the opening of the Stronger Thai 2012 project at Impact Arena Exhibition Centre in Nonthaburi, a suburb of Bangkok.
He said the second round of the economic stimulus package will create investment opportunities with a Bt1.43 trillion action plan to be implemented from 2010 to 2012.
When the budget is allocated to its intended projects, it will create jobs for 1.5 million workers in the next three years.
Although Thailand’s public debt will increase to 58-59 per cent of the gross domestic product (GDP) in 2012, the government has estimated that the debt ratio can be managed. The public debt will drop below 50 per cent when the economy expands in 2016, Mr Abhisit said.
Investment under the Stronger Thai project involves upgrading public basic infrastructure, developing tourism and education and generating employment in the community.
Finance Minister Korn Chatikavanij said the budget for the Stronger Thai project was sought from the government loan. The Cabinet approved the first lot of the budget of almost Bt200 billion to be earmarked to four ministries to run several projects including road upgrade in the rural areas and Bang Yai-Bang Sue purple line electric train construction.
The Ministry of Finance has launched its Stronger Thai website www.tkk2555.com for the public to keep abreast of the progress of the projects and to check the transparency of bidding and procurement. (TNA)
The prime minister presided over the opening of the Stronger Thai 2012 project at Impact Arena Exhibition Centre in Nonthaburi, a suburb of Bangkok.
He said the second round of the economic stimulus package will create investment opportunities with a Bt1.43 trillion action plan to be implemented from 2010 to 2012.
When the budget is allocated to its intended projects, it will create jobs for 1.5 million workers in the next three years.
Although Thailand’s public debt will increase to 58-59 per cent of the gross domestic product (GDP) in 2012, the government has estimated that the debt ratio can be managed. The public debt will drop below 50 per cent when the economy expands in 2016, Mr Abhisit said.
Investment under the Stronger Thai project involves upgrading public basic infrastructure, developing tourism and education and generating employment in the community.
Finance Minister Korn Chatikavanij said the budget for the Stronger Thai project was sought from the government loan. The Cabinet approved the first lot of the budget of almost Bt200 billion to be earmarked to four ministries to run several projects including road upgrade in the rural areas and Bang Yai-Bang Sue purple line electric train construction.
The Ministry of Finance has launched its Stronger Thai website www.tkk2555.com for the public to keep abreast of the progress of the projects and to check the transparency of bidding and procurement. (TNA)
