Showing 1-10 of 21 results
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Populism hits plan to rein in fiscal red ink
Business, Wichit Chantanusornsiri, Published on 10/06/2019
» The Finance Ministry is likely to delay its balanced budget goal if the new government strictly pursues populist campaign promises, says a senior official at the Fiscal Policy Office (FPO).
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State aid adds to debt
Business, Wichit Chantanusornsiri, Published on 12/03/2019
» The government's policy to ease access to mortgages for the poor and combating informal loans are factors liable for higher household debt, says Finance Minister Apisak Tantivorawong.
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Welfare not a banquet, but a necessity
News, Wichit Chantanusornsiri, Published on 07/03/2019
» The ongoing election campaign is seeing all competing political parties make ambitious promises to turn Thailand into a welfare state to entice their prospective supporters.
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Poverty is not a political commodity
News, Wichit Chantanusornsiri, Published on 14/02/2019
» As the election is drawing near, most if not all political parties are making eradicating poverty and closing the economic gap their flagship policy, rolling out enticing populist programmes in the hope of winning the hearts and minds of voters.
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Scant few eligible for VAT return scheme
Business, Wichit Chantanusornsiri, Published on 14/12/2018
» A meagre 360,000 of the 11.4 million recipients of the government's welfare and subsidy scheme for the poor are entitled to value-added tax (VAT) payback in the first month after the tax incentive scheme started last month.
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FPO proposes debt test to screen welfare smartcard recipients
Business, Wichit Chantanusornsiri, Published on 14/12/2018
» The Fiscal Policy Office (FPO) has floated the idea of adding debt burden to the criteria in screening recipients for the government's welfare and subsidy scheme for the poor in an effort to weed out cheats.
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Rethinking our attitude towards populism
News, Wichit Chantanusornsiri, Published on 06/12/2018
» The new package intended for the poor, valued at 38 billion baht issued by the Prayut Chan-o-cha administration ahead of the election, is seen by critics as a populist tactic aimed at maximising political gain. Yet in my opinion, it's time we took a new look or changed our attitude toward populist policies. The fact is that all governments, elected or not, tend to embrace populism and even though some packages may not benefit the middle class, populist policies are just inevitable.
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Populist budget close to legal limit
Business, Wichit Chantanusornsiri, Published on 14/08/2018
» Little room remains in the budget for the government to spend further on populist policies through state-owned financial institutions, as populist spending is nearing the cap of 30% of the annual budget, says an informed source at the Finance Ministry.
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Populist policies hold farmers back
News, Wichit Chantanusornsiri, Published on 26/07/2018
» The launch of several populist projects by the Prayut Chan-o-cha government, especially those targeting poor farmers ahead of the election planned for early next year, are seen as a thinly disguised ploy to canvas support from prospective voters.
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VAT return scheme for poor shaping up
Business, Wichit Chantanusornsiri, Published on 12/07/2018
» The planned repayment of value-added tax (VAT) to government welfare smartcard holders is expected to take shape by the end of this year, a move meant to improve their purchasing power.
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