Kittiratt: Failure to launch water and infrastructure projects will harm country

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BANGKOK, 11 July 2013 If the government’s mega projects were to be cancelled, it would have a detrimental effect on the country and destroy investors’ confidence, said the Finance Minister. 

Finance Minister Kittiratt Na-Ranong admitted that failure to launch the government’s 2.2 trillion baht infrastructure project and the 350 billion baht water management project would cause irreparable damage to the country and completely ruin both domestic and foreign investors’ confidence.

When asked about this year’s world economic situation, the minister said he was not worried about the International Monetary Fund(IMF)’s revising down the growth, as the projection was in line with the overall global economy.

As for short term economic measures, he said the government had to keep all situations in the country under control, adding that there should be no political protests as they would definitely hurt the nation’s tourism industry.