Apr 4, 2013

Thailand MOF criticized for trying to use national reserve

Spoke person of the Democrat Party criticized the current Minister of Finance when he proposed to use 30 Billion Baht of national reserve money to pay for duty fee reimbursements the First Car project and the Rice price setting policy of the current government.

The spoke person said that it would be a severe violation of the guidelines for financial good practices and that the previous Democrat government had accrued Thailand monetary reserve for the future while the present government try to diminish it with its futile policy to appease voters. He predicted that value added tax (VAT), currently at 7%, would likely be increased next.

Ref: Matichon

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