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Pattaya Daily News

18 January 2008 :: 11:01:46 am 22852

New Government Urged To Stimulate Economy Directly, Indirectly

BANGKOK, Jan 18 ? Thaland?s new government should attempt to stimulate the economy both directly and indirectly, particularly through accelerating budget disbursements, to ensure economic growth of no less than 4-5 per cent, according to private sector executives.
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Speaking after a meeting between Prime Minister Surayud Chulanont and private sector representatives, Arkom Termpittayapaisit, deputy secretary-general of the National Economic and Social Development Board (NESDB), said the private and public sectors had jointly worked out measures to be proposed for the new government to manage the country’s economy.

Key measures include an acceleration of the state budget disbursement, extension of the Bt5 billion fund set up to help small- and medium-size enterprises affected by the baht volatility, and development of the whole transport system to reduce private-sector costs. He said NESDB would establish a liaison office to coordinate the measures and speed up implementation of state-supported construction projects.

Another key measure is to develop the new economic zone in the southern region to accommodate industries and services. A committee would be set up to study the feasibility of the project.

At the same time, he said, the state sector must build up investor confidence by injecting money to support an implementation of mega projects including construction of the dual railway project and the electric rail routes.

Santi Vilassakdanont, chairman of the Federation of Thai Industries, said he believed the measures, if successfully implemented, would help boost the country’s economic growth of no less than 4-5 per cent this year.

He believes the substantial oil price, the economic slowdown in the United States, and higher living costs are risk factors to the economy that must be closely monitored and supervised during this year. (TNA)

Reporter : PDN staff   Photo : Internet   Category : Business News

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