Treasury prepares measures to stimulate the economy

Bangkok, The Treasury prepares a package of economic stimulus measures. Push the real estate sector Supporting the small private sector, making a proposal to the Prime Minister while waiting for digital money to be distributed The Comptroller General's Department recommends that government agencies hold auctions. During the 2024 budget passed by the House of Representatives Mr. Kritsada Chinavicharana, Deputy Minister of Finance Speaking while presenting the award for outstanding organizations with excellence in financial management The 2022 annual budget said that while waiting for clarity on the drive for the 10,000 baht digital wallet project, the Ministry of Finance Prepared to present to the Prime Minister Consider a multi-faceted economic stimulus package. Especially helping the real estate sector After the government has recently extended the time to reduce transfer fees. The mortgage has already been registered. To allow small citizens to buy houses at cheap prices Encourage the creation of more hous es. while small real estate entrepreneurs Can apply for promotion from BOI Build a residential house at a price not exceeding 1.5 million baht per unit. Ministry of Finance Still negotiating with the National Bank To request that the LTV measure be expanded so that people who want to own a home can have a higher loan balance. The Ministry of Finance also asks government agencies to prepare procurement procedures, announcing TOR to open auctions for investment projects. Find project winners Prepare to use the fiscal year 2024 budget by recording an appendix when the budget has passed the council. Then sign the contract. So that the investment budget will be released into the system as quickly as possible. Because there is only 5-6 months to use the investment budget before it expires at the end of September. In order to release the investment budget into the system according to the target of 75 percent, disburse 98 percent of the regular budget, disburse 93 percent of the overall budget for 2024, with a budge t of 3.48 trillion baht. In the case where the MPC maintains the policy interest rate at 2.5 percent and expects GDP in 2024 to expand at 2.5-3 percent, at this time I would like the BoT to use interest rate policy to help keep the economy consistent. Because the fiscal policy has already gone out a lot. In the past Both the budget deficit Many types of tax deductions tourism stimulation BOI promotion When NESDB's 2023 GDP numbers come out soon, it is expected that in 2023 many agencies, including the Treasury and BoT, NESDB, will be similar. Mrs. Patricia Mongkongvanich, Director-General of the Comptroller General's Department, said: Submitting an appeal for a winning bid project Hastened to clear the outstanding pipe matter as quickly as possible. When the 2024 budget passes, the House will prepare to deal with it immediately. If you can't hear it, it will be ejected first. so that investment projects can move quickly Prevent unnecessary complaints for government agencies Quick procurement Also want to pr opose amendments Procurement Act If filing an appeal Must deposit a security deposit Prevent filing an appeal by simply not giving up the bid. Because it is seen as a form of deprivation. or affect the bidder correctly causing investment projects to be delayed Create an unnecessary burden Accept that this matter will take a long time to amend the law. Source: Thai News Agency