Thai government plans central price range use for farmers’ debt relief

The Ministry of Agriculture is planning to utilise the central budget to support farmers’ debt aid in case next year’s price range is delayed. The ministry is aligning its plans with the government’s policies, particularly Prime Minister Srettha Thavisin’s strategy of lowering manufacturing costs.
In an interview earlier than announcing the policy, Deputy Ministers of Agriculture and Cooperatives Chaiya Phromma said that the Ministry of Finance would be the primary agency implementing the pressing policy of farmers’ debt reduction. The Bank for Agriculture and Agricultural Cooperatives (BAAC) will be responsible for planning and preparation.
Prime Minister Srettha Thavisin who also serves as Finance Minister, has mentioned and suggested the related companies. The Ministry of Agriculture is preparing a plan to support the farmers throughout their debt aid interval and will continue to provide help for 3 years to make sure farmers can stand on their own.
When asked in regards to the restricted remaining price range and the delay within the new fiscal yr, Chaiya said that the Draft Act of the 2024 Budget Expenditure has not yet been submitted to Parliament. However, the Ministry of Agriculture could make sure adjustments to some of its duties.
They will consider which tasks may be adjusted and will seek to make use of the central budget to help farmers discover further occupations and debt relief, reported KhaoSod.
Asked whether the prevailing items in the Draft Act of the 2024 Budget will be adjusted, Chaiya said that they need to assess whether the present items align with the current government policies and whether they are often adjusted. Accessible affirmed that the government’s coverage to reduce back manufacturing costs must be carried out as it’s essential to assist debt aid for farmers.
He further defined that the sixty one 12 months old prime minister, who has visited the northeastern area, understood the local people’s considerations about using potash ore to produce fertilisers. Currently, there could be an environmentally pleasant and protected manufacturing process, so it is needed to clarify this to the public.
If successful, it’ll help scale back prices and reduce reliance on imported fertilisers, aiding in debt relief. It is believed that this can be started during this government’s term. In addition, discussions with the Ministry of Commerce might be needed relating to lowering production costs.
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