MOF to consult EC in preventing economic stagnation due to dissolved parliament


BANGKOK, 18 December 2013 Finance Minister Kittirat Na Ranong has asserted the government will proceed with economic initiatives according to policies that have been laid down, although no new measures will be issued due to the dissolution of parliament. 

Mr. Kittirat said economic affairs will be continued, in order to prevent a stagnation and to ensure economic stability. Such affairs include diesel fuel excise reduction, assistance money for rubber farmers, rice pledging and provision of low-interest loans for Deep South businesses. However, he said the Election Commission will have to be consulted, regarding the continuation of these policies.

Prime Minister’s Office spokesman Thirat Rattanasewi said the Cabinet was concerned about the economy because it could not make approvals in many important projects. He said if there is no election on February 2, the economy in 2014’s first quarter could be afflicted.