adjust the water management plan Dealing with El Niño that drags on until the beginning of 2024

Although there is rain in many areas during this period. But the shocking thing is This year, the Chao Phraya Dam drains six times less water than in the same period of 2022. Some farmers in some areas have not yet started farming. The Royal Irrigation Department must adopt a drought management plan in the rainy season. To accommodate the dry spell and the El Niño phenomenon that will drag on until February 2024. – Thai News Agency

Source: Thai News Agency

‘Bus’ review of mother’s life, ‘Nong Kid’ birthday, 6 months old, life changes because of children

Nong Kid", the beloved son of mother "Bus Kanungnit" and father "Ball Sumeth", is also 6 months old, and also shines with a handsome and cute look.

At this event, the bus girl would like to review the life that has changed after having a little baby for the fans. Known on a personal Instagram @rodmayaloha that “You think it's been six months since you had me. Mamy's focus in life has completely changed

Source: Thai News Agency

Scholars expect the new government to adjust the 2024 budget

Academician The new government is expected to adjust the 2024 budget to support the welfare state by 200 billion baht, another 450 billion baht is missing.

Mr. Anusorn Tamajai, Former Director of Public Debt Management Policy and Supervisory Board The Ministry of Finance revealed that the new government is expected to adjust the 2024 budget to support the welfare state by only 200 billion baht, and at least 450 billion baht is missing if it wants to be fully allocated according to the welfare state campaign policy. It takes about 6.5 billion to reduce the emergency budget by at least half. Reduce the budget for the national defense category and the domestic peace category by another 30 percent to get another budget of approximately 106 billion baht, which is still insufficient according to the welfare state policy. Therefore, welfare should be gradually arranged in order of necessity in the following years. by avoiding incurring more debt or adding new taxes but focusing on collecting existing taxes to be more efficient improve the efficiency of state enterprises to be able to send more money to the state

If it is not possible to reduce the national defense category or the emergency central budget if you want to achieve the goal of caring for the public welfare according to the campaign. May use a method to expand the budget from 3.35 trillion baht to 3.45-3.8 trillion baht by increasing the budget deficit and creating debt to compensate. The ratio of public debt to GDP is still below the ceiling of 70 percent or increasing revenues and collecting taxes higher than the target set in the 2024 budget of at least 300 billion baht. tax base and definitely increase the tax rate or create more public debt Public debt, although still within the ceiling of the public debt to GDP ratio of 70 percent, may pose a risk of fiscal crisis in the future.

In addition, when governments increase public expenditures more than adequately, private investment spending may decline. due to rising real interest rates This increases the opportunity cost of borrowing money for private investment. Until causing a slowdown in overall investment through private investment in capital Social welfare and infrastructure can be reduced if there is a crowding-out effect from government borrowing to finance expenses. This may lead to obscuration of a better course of action. A gradual implementation and restructuring of budget spending in 2025-2027 is a better option.

After establishing a stable government foreign direct investment will increase significantly especially the relocation of investment bases from Chinese investors to Thailand and ASEAN The relocation of production bases out of the country by Chinese investors is a result of the trade conflict between China and the United States, with investment promotion applications expected in 2023 to reach 100 billion baht from the first quarter of this year. There is an investment of 25,000 million baht, an increase of 80 percent compared to the same period last year.

Mr. Anusorn Tamajai added A new post-election government will face increasing fiscal pressure and fiscal burden. In addition, delays in forming a government due to constitutional restrictions and refusal to accept the election results of the losers will delay preparation of the 2024 budget. for at least 3-4 months, now the total outstanding public debt is 10.72 trillion baht, representing 61.13 percent of GDP, while the Federal Reserve temporarily stopped raising interest rates that the upward direction of interest rates was almost over, with put pressure on the business sector The investment sector slowed down. Long-Term Bonds Are More Attractive The US dollar was slightly weaker in the short term. It is expected that the direction of world oil prices will not pressure inflation much more because OPEC's oil production cuts will not increase world crude oil prices much. from increased energy production and supply in the United States can be offset.-Thai News Agency

Source: Thai News Agency

Nida Poll reveals a survey of “boredom of anti-government protests”.

The polling center "Nida Poll" revealed the results of the survey "Bored of anti-government protests" found 57.71% of the samples said they were very bored, followed by 20.46% said they were quite bored 12.75%. Stated not bored at all

Opinion polling center "Nida Poll" reveals the results of the public survey on "Post-government demonstrations" surveyed between 14 and 16 June of 1,310 sample units found that 26.72% said there would be an anti-government demonstration but no violence, followed by 25.42% that there would be no protest at all. 25.19% said they were not confident; 22.44% said protests and violence would occur. As for what to do if the new government, the Prime Minister, is not from the chosen political party, it was found that 38.63% of the sample said they willingly accepted the new government, followed by 22.52% said they did not accept it but would not participate in the rally against the new government; 16.87% said they were oblivious. must be accepted in the new government. While people's concerns if there is a political rally to oppose the new government, it was found that 56.87% of the samples indicated worsening economic conditions, followed by 37.18% violence from the rallies 32. 98% said national conflicts Finally, when asked about boredom of the political rally against the government, it was found that 57.71% of the samples stated that they were very bored, followed by 20.46% that they were quite bored, 12.75% that they were not bored at all

Source: Thai News Agency