Suggest to open to adjust the price of shipping. According to the rising cost of oil – Post Today Financial News – Stocks

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Suggest to open to adjust the price of shipping. as the cost of oil increases

Date 31 Oct 2021 time 6:36 PM.

Warns the government not to freeze the price of oil at 25 baht per liter because it will create tax burdens on citizens in the future and excessive fiscal burden.

Dr. Anusorn Thammajai, former Vice Chancellor for Research and Academic Services, Rangsit University, revealed that if the Land Transport Federation of Thailand strikes, it will cause a disruption of the transportation and logistics system and may lead to can lead to a shortage of goods in some areas and may cause some manufacturing sector to stumble if there is a shortage of raw materials

The government should not allow a strike and should take into account the confederation’s demands, saying that freight prices should be adjusted in line with rising oil costs. Inflation is not expected to be low as there is still a large amount of oversupply and oversupply of stocks.

Dr. Anusorn said the government should not freeze the price of oil at 25 baht per liter because it would create too much tax burden on citizens in the future and fiscal burden. The budget money that must be used to freeze the price of oil would be better spent on providing additional welfare for the unemployed and allocating it as scholarships for poor students.

Dr. Anusorn said that Thailand is a society with very high inequality. Many people are uninsured for their life and welfare and no expenses to support their lives and families in the face of economic crises and unemployment. Compared to the income of each household, it is among the highest in the world. Society as a whole is unprepared for the challenges of the impact of emerging technologies. (Especially digital technology) on the labor market and the economy as a whole, including the dimensions of labor productivity and capital. Competitiveness and economic fairness dimensions

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In addition, Thai society has stepped into an aging society at an accelerated rate and most of the elderly population do not have welfare and low-level savings are insufficient for quality living and may have difficulty in carrying out their activities. Longer life before expiration from the problems mentioned There is a need for a three-part welfare system in addition to the existing welfare system: the standard minimum income insurance system. Child welfare system and free study welfare Pension system for the elderly, however, Thailand has limitations on its fiscal position Limitation of burden on budget government income restrictions Appropriate welfare system arrangement and long-term financial sustainability are therefore essential for building stability in the sustainable welfare system of Thai society. It should not interfere with oil prices because there is no way to beat the market forces. Budget should be kept to take care of the welfare of the people to be more beneficial in the long run. In particular, childcare benefits and free education will have long-term positive effects. The opening of the country will clearly improve economic activities in the last two months of Thailand. The rate of economic growth is likely to be the highest since the covid-19 outbreak earlier this year.

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