After the National Anti-Corruption Commission (NACC) issued a negative opinion on the modernization project, the future of the initiative is uncertain. According to the NACC, the country’s current economic state does not justify a massive credit of 500 billion baht. The commission also warned that the project could face a massive financial leak.
As a result, Deputy Finance Minister Julapun Amornvivat acknowledged that the project may not meet the May deadline, and the government may have to wait for the NACC’s formal stance.
However, Phumtham, leader of the anti-military party, disagreed with Julapun’s statement, stating that the government does not have to wait for the NACC’s formal stance and is not obligated to do so.
Phumtham stated that the committee responsible for the project will meet as soon as possible to make a decision.
There is already a division of opinions on the project. Phumtham claims that Thailand’s current economic situation is reminiscent of the Tom Yam Kung crisis in 1997. However, he emphasized that this information is based on the opinions of a group of economists who do not share the views of the Bank of Thailand and other economists.
Phumtham said that his government is currently analyzing the economy from various perspectives and believes that Thailand’s growth has stagnated over the past 10 years.
Despite the promise of a 500 billion baht credit for project funding, Phumtham stated that the government has not yet decided whether to introduce a law or issue an executive decree to enable off-budget loans.
FAQ:
1. Why is the future of the modernization project uncertain?
Answer: The National Anti-Corruption Commission (NACC) issued a negative opinion on the project, stating that the country’s current economic state does not justify a massive credit of 500 billion baht and that the project could face a massive financial leak.
2. Can the project be delayed?
Answer: Deputy Finance Minister Julapun Amornvivat acknowledged that the project may not meet the May deadline, and the government may have to wait for the NACC’s formal stance.
3. Does the government have to wait for the NACC’s formal stance?
Answer: Leader of the anti-military party, Phumtham Wechayachai, disagrees, stating that the government does not have to wait for the NACC’s formal stance and is not obligated to do so.
4. What is Phumtham’s opinion on the project?
Answer: Phumtham claims that Thailand’s current economic situation is reminiscent of the Tom Yam Kung crisis in 1997. However, he emphasizes that this is the opinion of a group of economists, not the Bank of Thailand and other economists. Phumtham believes that Thailand’s growth has stagnated over the past 10 years.
5. Has the government decided whether to introduce a law or issue an executive decree for off-budget loans?
Answer: No, according to Phumtham, the government has not made a decision on this matter.
Definitions:
– National Anti-Corruption Commission (NACC) – Institution established to combat corruption in Thailand.
– Tom Yam Kung – Name of the financial crisis that occurred in Thailand in 1997.
Related links:
– Gov.pl
– National Anti-Corruption Commission
The source of the article is from the blog lisboatv.pt