Government wants 76 billion baht to assist rice farmers

The Finance Ministry has announced a plan to make use of a seventy six billion baht package deal to support Thai rice farmers. The ministry is working with the Budget Bureau to create a scheme that ensures a guaranteed earnings for the farmers, which would offer some cushion in opposition to the unpredictable points that plague farming such as floods, droughts and pestilence.
There is already a scheme in place to offer financial assist to farmers, reviews Finance Minister Arkhom Termpittayapaisith. For rice farmers alone, the project has a finances of 89 billion baht. This plan initially referred to as for thirteen billion baht to be gradually distributed to the farmers. But the project nows asking for an additional 76 billion baht.
There is currently a framework in place that limits the government’s ability to borrow from state establishments, for financing state projects. That limit now is set at 30% of the annual finances of expenditures. The state has almost hit that borrowing limit, according to the Bangkok Post, so it’s unclear if the framework must be revised.
But there could be still time to find the funding for the project, explains Arkhom. โซล่าเซลล์ of cash just isn’t needed for a couple of extra months, and the dispersal of funds to the farmers might be gradual over time. The deputy Finance Minister mentioned that the cupboard has asked for the preliminary funds to the rice farmers to begin in the subsequent few days, utilizing the current budget of thirteen billion baht.
The cabinet also requested the Finance Ministry and the Budget Bureau to look into different ways of finding cash for this venture, and to research ways by which rice farmers might minimize their manufacturing costs.
SOURCE: Bangkok Post

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