BANGKOK, 26 April 2013 Secretary General to the Prime Minister, Suranand Vejjajiva, has ensured the transparency of the government’s 2.2 trillion baht infrastructure overhauling projects, while pointing out that the government will be able to keep public debt ceiling lower than 50% of the GDP.
The comment came in response to a recent seminar organized by the Thailand Future Foundation which highlighted the risk of enlarging the nation’s debts with the 2.2 trillion baht loan to finance the mega projects.
While underlining the importance of the kingdom’s logistics, Mr. Suranand said the infrastructure mega projects will be keys to distribute economic equality to rural areas. He said Prime Minister Yingluck Shinawatra also has plans to develop principal provinces and towns in each part of the country which will all benefit from the transport network developments under the 2.2 trillion baht mega projects.
The Prime Minister’s Secretary General also mentioned that the government’s passage of the 2.2 trillion baht loan bill was to ensure the mega projects’ transparency. He expressed confidence that the government would be able to maintain the public debt level below 50% of the country’s GDP, even with the huge planned investment.