Bangkok, “Chunlapan” confirms BAAC’s stable position and is ready to submit a decree. Alleviating doubts about borrowing 172 billion baht, preparing to suspend farmers’ debt in Phase 2, covering all groups of debtors.

Mr. Chulaphan Amornvivat, Deputy Minister of Finance As Chairman of the Board of Directors of the Bank for Agriculture and Agricultural Cooperatives (BAAC), said the Ministry of Finance The steps forward have been prepared in detail. To push the project to top up 10,000 baht via Digital Wallet according to the target. For questions or concerns. Borrowing money through quasi-fiscal measures, Section 28 of the Fiscal Discipline Act, borrowing 172 billion baht from the BAAC. It is already within the executive power of the government. This mechanism has been used by many governments to take care of farmers. But when still in doubt Therefore, he is ready to submit the matter to the Royal Decree for consideration. And the government is ready to explain every issue. As for the source of money from th
e budget for both 2024 and 2025, it has been clearly concluded. As a result, the total source of funds is 500 billion baht to be used in the project, so there is no problem.

‘In the past, there has been opposition to the digital wallet project. It is considered normal. The government is ready to listen to everything. and explain every matter But when being responsible to the people through elections Therefore, we must move forward as announced in the council. Ready to improve, edit, change, and find other mechanisms to supplement. Following the advice of all parties all along. The use of money from the BAAC is therefore ready to submit the matter to the Royal Decree for consideration again. The Ministry of Finance is confident in its financial position. and liquidity of BAAC is very stable. Therefore used to help in this project. and are ready to issue additional measures soon to take care of liquidity,’ Mr. Chulphan said.

For moving forward with the digital wallet project Various subcommittees will proceed
with meetings to prepare the project. and cooperation with many other related ministries. As for the BAAC, in order to submit a matter to inquire about the decree, it will present to the BAAC board the matter of using liquidity, Section 28 of the Disciplinary Act. Finance and Finance: After that, it is expected that in October 2024 it will be presented to the Cabinet for consideration. At this time, it will take another 5-6 months to push the project forward.

Mr. Chulphan added that After issuing measures to suspend debt payments to small farmers Outstanding debt not exceeding 300,000 baht. Open to 1.85 million people who want to join the measure through the application of BAAC BAAC Mobile. Outstanding debt amount 257,000 million baht. Debt suspension contracts for 1.39 million people, or more than 90 percent of Those who report the intention to join the measure And there are 130,000 people who have attended the vocational rehabilitation course under the concept of “Leading markets, additional innovations, a
nd increasing income.” The bank will provide vocational rehabilitation to 300,000 customers by September 2024. BAAC has prepared to expand assistance measures. Small farmers go through the debt payment moratorium project, Phase 2, during the next 1 month. This allows debt suspension to help customers cover all groups. and will also benefit from the reduction of interest on MRR loans by 0.25% to support the recovery of vulnerable groups. and additional phase 2 debt suspension groups.

Source: Thai News Agency