THAILAND : -- National Council for Peace and Order (NCPO) chairman Gen Prayuth Chan-ocha announced to stimulate economy from the grass root with growth target this year of 2% or higher. In his weekly Friday night TV program “Return Happiness to the People”,
Gen Prayuth vowed to strive for a GDP growth of 2% or higher against the central bank’s target of 1.5%.
He said the focus would be placed on economic stimulus packages, especially those designed to assist at grass root level or low-income earners.
Gen Prayuth said financial institutions would be encouraged to help promote investment by offering soft loans while the NCPO would try to keep the baht from appreciating for the benefit of the Thai export sector.
In regard to the disbursement of the 2014 budget, Gen Prayuth revealed that more than 50 billion baht in the coffers had not been used, saying he would speed up the allocation process.
The remaining budget might be transferred to the water management and flood prevention project, which was considered an urgent agenda, he added.
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