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Explain that the tank does not break after 3 months of the money remaining to pay government officials
Date Sep 12, 2020 at 4:44 PM
The treasury is busy, problem with the broken tank Daily clarification of salary payments of officials Living allowance for the elderly Disability allowance
Mr. Waron Saengsanit, Director of the Fiscal Policy Office As spokesman for the Ministry of Finance Clarification on the payment of the subsistence allowance for the elderly Disability allowance And salaries for civil servants and employees, including bad debt problems (Bad Loans: NPL) of financial institutions as follows:
The issue of abstinence from allowances for the elderly and disability in September 2020 and the Ministry of Finance will be able to pay the salaries of officials and employees for only 3 months is not true.
In the case of the life allowance for the elderly and the disability premium, there is no omission. Rather, it is just a postponement, as the budget balance is adjusted according to the number of eligible beneficiaries in September, the last month of such payments in fiscal year 2020. At this time, the Department of Local Administration (Institutes) has already allocated budgetary expenditures to pay such money and the Comptroller General’s Department will continue to pay eligible individuals, to be completed in September 2020. this
In the case of salaries of civil servants, the government has allocated sufficient expenses, salaries and salaries for government personnel in accordance with the Annual Budget Law for each year. And now the budget spending bill for fiscal year BE 2021 is pending in parliament.
However, the current inventory remains at a solid level. Sufficient to support the budget outlay of government agencies, including salaries of government officials and workers
Also, the government still has income from taxes or other income. To be used for administrative expenses as usual. And a spokesman for the Ministry of Finance confirmed that the Ministry of Finance still has a sufficient source of funds. Support spending by government agencies and continue to implement policies to boost the economy.
In addition, the spokesman for the Ministry of Finance further clarified the issue. NPL from financial institutions that the Government of the Bank of Thailand and financial institutions Recognize these issues and implement projects to address NPLs from entrepreneurs and the public, focusing on Preventive Debt Restructuring and Debt Consolidation to prevent NPLs from occurring through through these mechanisms. It is said to reduce the debt burden of the debtor. That will benefit the debtor This is because the interest rate paid by the debtor during the contract period will not increase, but will cause the debtor to have a lower burden to pay per period, which is different from the extension of the moratorium where the Debtor still has to pay the debt during the period. The moratorium, which can increase the interest rate paid by the debtor throughout the contract, the restructuring and debt consolidation measures are as follows:
1. The DR BIZ project provides a mechanism to mitigate and manage commercial debt from multiple creditors. (Multiple creditors), which will reduce the debt burden of potential entrepreneurs but who have been affected by the COVID-19 epidemic. To continue the business in order to maintain employment and promote the recovery of the economy to its full potential.
2. The Additional Debt Consolidation Project provides guidelines for the retail debtor to consolidate various types of high-interest debt, such as credit cards, supervised personal loans, and gift loans. For example, loans with high interest rates, such as credit card loans, supervised personal loans, reduce the burden of debt on the debtor. Additionally, extending the repayment period or restructuring the debt will reduce the debt burden of both principal and interest receivable without losing the debtor’s credit history. Credit or personal loan is possible.
The Finance Ministry expects commercial banks and specialized financial institutions to cooperate in the implementation of the program to help debtors at a time when the country’s economy is affected by the COVID-19 epidemic. And the project will help maintain the debt service capacity of debtors and avoid delinquencies. In the financial institution system, the government has also implemented additional stimulus measures, such as the We Travel Together Project, and plans to implement additional policies to increase cash flow in the economy and increase the income of citizens and entrepreneurs.
For the issuance of provisions by financial entities in the case of loans to debtors in a situation of default In practice, when financial entities set aside provisions when the debtors are doubtful. The financial institution will collect the money itself without having to send it to the Bank of Thailand. The reserve of financial institutions is an action to deal with the risk that can arise if the debt cannot be traced, which is a mechanism. Manage risks to prevent financial problems and affect public deposits.
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