Opposition concerned over govt’s econ policies

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BANGKOK, 22 August 2011 – The opposition has expressed its concerns that economic policies of the new government will drive up the national inflation rate further while policies to shoulder impact of the US and EU economic crisis are not evident. 

Acting Democrat Party Leader Abhisit Vejjajiva criticised that the new government fails to give importance in its economic policies to the inflation rate and possible impact of the economic situation in the US and the EU.

The former prime minister suggested that the Ministry of Finance should discuss with the Bank of Thailand to specify and synchronise monetary and fiscal policies together. He also voiced disagreement with the policy to use international reserves for investment.

The Democrat leader stressed that when the Pheu Thai Party was the opposition, it had been boasting all along that it could find income for national administration. He said enquiries will be made in Parliament if the Pheu Thai government will use the reserves for that purpose.

As for the news report that Foreign Minister Surapong Tovichakchaikul will file a libel suit against the Democrat Party for filing a false accusation upon the special visa granted for ex-Prime Minister Police Lieutenant Colonel Thaksin Shinawatra, Mr Abhisit said his party did not make the story up.

The Democrat leader suggested that Mr Surapong should file a lawsuit against the Japanese government in this issue as well while Prime Minister Yingluck Shinawatra should elaborate this issue by herself to show her leadership.