“Phuea Thai” jerks “Prayut” afraid of cheating like “Pra Por” in the revival of Tom Yum Kung era

25 September 2021 Mr. Nop Cheewanan, Member of Parliament for Phra Nakhon Si Ayutthaya Deputy Secretary-General and Party Economic Working Groupfor Thai said that according to the government must raisepublic debt loan ceilingfrom 60% to 70%, which is an indicator of the failure ofeconomic management that the government does not have the ability to earn money, but borrows to distribute vignettes and is accused of cheating until the country’s debt soared so much that it was called a government that “Overflowing debt country People’s debt is flooded” which is a fact that people can clearly feel and there will be more and more problems.

Previously, there was news that International Monetary Fund (IMF) Offered to Thailand to borrow 140 billion baht in foreign currency. The Pheu Thai Working Group considers that Thailand currently has a high level of foreign exchange reserves of US$248 billion. Therefore, foreign money should not be borrowed. because there will be a risk to the exchange rateThai economyThere is still volatility and the baht may depreciate further due to the twin deficit problem, namely fiscal deficit and current account deficit at the same time. If this problem is not resolved The Thai baht may depreciate. Borrowing money abroad can be very costly.

Currently, the liquidity in the country is still high. if need to borrow Borrowing Thai baht in the country is safer and costs are much easier to control. In addition, this will avoid accusations of corruption. Because most foreign borrowers will pay the loan commission. which do not want to think that foreign borrowers are for this reason So I don’t think Thailand should borrow money from abroad at this time.

Read the news: The Bank of Thailand supports the expansion of the public debt ceiling to revive the economy.

Another issue that is a big and ongoing issue with government measures. as the government has measures totransfer debtwith problems (which are a lot today), especially the debt ofreal estateAnd the hotel enters the asset warehouse without reducing the debt, reducing the interest or extending the debt, as if wanting to seize these assets into the pile. similar to organization forFinancial institutions reform in the daysTom Yum Goong economic crisis which has a great deal of bad debt dealing fraud by allowing foreigners to buy debts at cheap prices Then foreigners come back to sell debt to Thai people. and made huge profits back Is this same thing going to happen again?

because the government has just announced thatOverseas buying landAnd condos have been recently and have been heavily attacked. Therefore, setting up an Asset Warehouse and forcing the transfer of a lot of troublesome items into storage and allowing foreigners to buy land and condos. Will it open a channel for corruption like the past scandalous PRA case?

The Pheu Thai Working Group would like to warn in advance and will keep an eye on this matter. not to be takennational propertygo sell randomly same as in the past I want the government to help entrepreneurs to survive this crisis. Because it is a force majeure caused by the virus epidemic crisis.COVIDAnd it will help provide employment to many people who have lost their jobs.

In times of crisis, Gen. Prayut must have a clear framework to help those who suffer fromcoronavirus crisisHow to help entrepreneurs and support their employment And don’t let it open to corruption like in the past that have been done before.

If General Prayut lacks knowledge and understanding of these matters It shouldn’t be running this country in such a situation anymore. And should wait for a new government with knowledge and understanding to solve the problems andeconomic recovery including borrowing money to revive the economy because General Prayut will increase debt without causingThai economybetter as before