Worried about rising public debt due to a revenue shortfall in response to the world economic meltdown, Prime Minister Abhisit Vejjajiva on Wednesday instructed Thailand’s Ministry of Finance to closely monitor the debt situation.
Speaking after attending Wednesday’s economic ministers’ meeting, he said the ministry reported that the proportion of public debt to the country’s gross domestic product (GDP) remains lower than those of many other countries and affirmed that it is in a framework of fiscal discipline.
Even so, the prime minister sees a need for the ministry to closely monitor the economic situation and debts incurred by the government as part of its efforts to maintain monetary and fiscal discipline.
Mr. Abhisit said he was afraid that the economic meltdown, if persistent, will more severely affect the government’s revenue collection, which could fuel the public debt to GDP ratio. (TNA)
I’m speechless. I shouldn’t, but I am.
Who is the clown who throws money out the window, by conducting insane policies : 2000 THB for 8 millions of people (like a legal huge “bribe”, or vote buying) and the free water, free electricity program ?
Who delays the increase of prices of LPG, NGV by using PTT like a whore ?
Who has invented the subsidy to end a subsidy ?
Who wants to borrow 2 billions USD, outside Thailand ?
Who gave the green light to the military to buy 6 swedish jetfighters ?
He has a name and was “Oxford educated” : Abhisit.
And now, this clown worries about… public debt ? I mean WHAT THE HELL IS GOING ON ?
Yes indeed, tax collections are a disaster (read my article), yes the crisis is deep… But a real leader, with at least 2 neurons connected, should have known this earlier.
I did. I made charts to show it. So ?
Abhisit, resignation !
[disclaimer : make no mistake, I’ve got the same feelings toward many… western leaders. Like Obama for instance. Monday he says that he wants to cut federal deficit. Tuesday he increases the military budget. Wednesday he says that bonus for bankers should be cut. Thursday he throws huge amount of money… to the same bankers via bailouts and other insanities, and to companies that are already DEAD like GM, Ford, etc.. Friday he says that US people should consume to save the economy. The day after he announces a sharp increase of taxes for people with high income, etc.
It’s the same freaking orwellian doublespeak. And it’s unbearable. Totally unbereable]