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ECONOMIC STIMULUS

Economic ministers consider stimulus plans on Wed



Prime Minister Abhisit Vejjajiva said that at the Economic Ministers Council tomorrow, the economic rehabilitation measures would be discussed to assist each group of people particularly farmers, workers and salary workers as well as measures for the tourism and property sectors.

 He noted that state agencies would need to submit their investment proposals - which would be financed by the 2009 expansionary budget, to the Cabinet on January 13. Then, details of the plans would be presented on January 20 and forwarded to Parliament on January 28.

 Deputy Prime Minister Korbsak Sabhavasu said that fiscal measures must be executed quickly to restore confidence and boost spending. Meanwhile, the government would consider extending help to borrowers, but that does not mean that financial institutions would be forced to lend.

 He noted that if additional money of Bt700 billion is injected into the economy, it would lead to fewer layoffs.


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