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Pattaya Daily News

13 January 2009 :: 20:01:06 pm 39502

Cabinet Approves Bt115 Billion Add-On Budget For 18 Projects

BANGKOK, Jan 13 -- In an effort to jump-start the Thai economy, now being impacted by the global economic meltdown, the Cabinet Tuesday approved a Bt115 billion supplementary budget to finance 18 projects to alleviate hardships of the poor and promote tourism.
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Details of the Bt116 billion supplementary budget, up from Bt100 billion earlier, will be given to the Cabinet for consideration on January 20 regarding “finer details” and then be forwarded to Parliament for its approval on January 28, Budget Bureau director Banthoon Supakwanich said Tuesday.

In the tourism industry — Thailand’s largest foreign exchanger earner in the service sector, the supplementary budget will be spent to improve 18 tourist destinations nationwide and help about 160,000 tourism personnel.

It is expected that the government’s disbursement of the Bt115 billion will start in March as the coalition government of Prime Minister Abhisit Vejjajiva along with the Bank of Thailand (BoT) are confident that the supplementary budget could help Thailand’s economy to grow 2.5 per cent this year.

Earlier, the BoT projected that growth this year would be between 0.5-2.5 per cent. (TNA)

Reporter : PDN staff   Photo : Internet   Category : Thailand News

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