Kittiratt promises Senate investment transparency

business September 04, 2012 00:00

By The Nation

Deputy Prime Minister and Finance Minister Kittiratta Na-Ranong today assured Senate of transparency of the government's investment projects.


Upon some senators' remarks that some projects to be financed by the infrastructure bill contain no detail and could risk transparency, he showed the readiness to discuss each project in project.  He insisted that the government did not avoid parliamentary screening.
"There is no intention to hide or build up debt under the long-term investment which will span over 7 years. Personally, I think the long-term investment plans are not clearly mapped out, as they are subjected to annual budgets. In the 2013 budget bill, some budgets are allocated for feasibility study or designing. Actual investment will then be allocated in the subsequent years' budgets. As such, the total investment of such projects is not available. Under the infrastructure bill, details of spending would be shown from the first baht to the last baht spent," he said.
Senate is reviewing the 2013 budget bill.