Additional ฿76 billion needed for Thailand’s rice price support

15 Sept 02:03 Key points summarised by AI

Thailand's Ministry of Finance seeks an additional 76 billion baht to fund the Commerce Ministry’s 2021-22 rice farmer revenue guarantee scheme, totaling an estimated 89 billion baht.
Finance Minister Arkhom Termpittayapaisith will consult the Budget Bureau on securing these funds, with initial payments expected via the state-owned Bank of Agriculture and Agricultural Cooperatives (BAAC) within three months.
A proposed option involves extending the current 30% limit on fund-raising through special state-run financial institutions, which is similar to increasing the public debt ceiling.
The rice support scheme is anticipated to significantly strain BAAC's finances, requiring higher taxpayer compensation to farmers due to low market rice prices.

New home loan scheme aims to boost property sector with Bt125 billion

20 Oct 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.