There is no budget to stimulate the economy as the Prime Minister said it is a crisis.

Sirikanya" points out that there is no budget to stimulate the economy, as the Prime Minister said it is a crisis, comparing it to organizing a budget. 'Prayut Down Settha Paying Continue' aims to use extra-budgetary mechanisms to solve problems. Ms. Sirikanya Tansakul, MP for the Kao Klai Party, discussed the draft Budget Act for the fiscal year 2024, regarding the government's budget preparation to be used during the economic crisis. This is not the opposition speaking, but Mr. Settha Thavisin, Prime Minister and Minister of Finance. I repeat myself that the economy is in crisis. which if the crisis is real The budget will not come out in this form. 'In the budget preparation document, it is stated that the economy in 2023 is expected to grow 2.5%, in 2024 it will grow 3.2%. The current account balance will be in surplus. No matter how you look at it, it's still not a crisis like the Prime Minister said. About the budget prepared I couldn't see that there was going to be an economic crisis. Looking at th e People's Bureau of the Budget, it is stated that the economy will grow at a level of 5%. The government is about to reach its goal of GDP growth of 5% by cheating on the GDP adjustment formula that economists around the world know well. Don't cheat the formula so that the economy expands as intended. Normally, the economy grows when borrowing money. It is used to stimulate the economy and investment, but the budget remains the same as before. Government fiscal plan Why must we continue to run a 3.4% deficit even though the Pheu Thai Party has said that it will create a balanced budget within seven years,' Ms. Sirikanya said. Ms. Sirikanya said that if there is a crisis, the economy must be stimulated. What is the government's flagship economic stimulus? Digital Wallet, big package of 500,000 million baht, providing top-up money to the people, using money from the loan act of 500,000 million baht and the annual expenditure budget of another 100,000 million baht. 'But digital wallets are invisible. Not in t he budget As for the 100,000 million baht capacity enhancement fund, there is only 15,000 million baht remaining and was just put in on November 29th. It means that there is still no additional money of 100,000 million baht. You have to wait and see if you can borrow 500,000 million baht or not. I think the government has placed its hopes on Loan Act It is like putting all your eggs in one basket and there is a high risk if you cannot issue a loan act. If you can't get a loan, it will be immediately used as a stimulus budget for the Thai economy,' Ms. Sirikanya said. Ms. Sirikanya also said that if we look at what type of crisis the defense budget increases. Because normally when a crisis occurs Defense often cuts its own budget to help the country. In the past, there have been Tom Yum Kung, Hamburger, and Covid crises. There has always been a budget reduction. But the crisis of the Prime Minister The Ministry of Defense budget increased by 2%. As for the flagship project which is an economic stimulus proj ect But it wasn't in the budget. And where is the crisis? Why does the budget still move forward as before? 6 strategies, which can be said to be national strategies, can be understood as having to be continued. But there are only 236 new projects out of 1,500 projects, with a budget of only 13,656 million baht out of a new project budget of more than 830,000 million baht, indicating that there is an inherited budget from the previous government. Miss Sirikanya It is also compared to 'Prayut Down We have made a budget to compensate the treasury balance of 120,000 million baht by using it to make up for an insufficient personnel budget of more than 20,000 million baht, pensions of more than 50,000 million baht, nursing expenses of 20,000 million baht as a budget. that shouldn't be missed Because it's a salary budget Why is it not set enough? But part of it was a mistake by the government first. And the current government still sets insufficient funds as before. Finally, next year's budget will have to use the treasury money. and must continue to repay the treasury without learning from past mistakes at all 'It is viewed as an intentional mistake. Because spending definitely exceeds the budget of 90,000 million baht. which was a mistake in setting an insufficient expenditure budget And there was also a mistake in estimating income. from not collecting taxes or various tax deductions As a result, the revenue estimate has also decreased,' Ms. Sirikanya said. Ms. Sirikanya concluded that this draft bill does not see anything as evidence. The government cannot function professionally. Is this a government that is famous for its economy, earning money and spending money well, but makes mistakes in preparing the budget and setting an insufficient budget? The income estimation was unforgivably wrong and there was no thought to fix it. They only focused on using extra-budget mechanisms to solve the problem. It is probably time for the people to rethink the government administration of the Pheu Thai Party.- Source: Thai News Agency