BAAC labor union asks “Chulapan” about the 172 billion baht loan.

BAAC labor union asks "Chunlaphan" to clear up the issue of loan of 172 billion baht with digital support of 10,000 baht. Mr. Supachai Wongwekin, President of the Labor Union The Bank for Agriculture and Agricultural Cooperatives (BAAC) revealed that it had a discussion with Mr. Chulapan Amornvivat, Deputy Finance Minister, after the government determined the source of some of the funds. Using liquidity from the BAAC, 172 billion baht, according to the Monetary and Fiscal Discipline Act, Section 28, supports the Digital Wallet project to express concerns in 5 areas: 1. Using liquidity from the BAAC. Is the National Legislative Assembly legal? 2. How to use Cabinet resolutions (Cabinet) to support this? 3. Does BAAC have enough excess liquidity to support the Digital Wallet project? 4. How does the government determine the repayment plan for BAAC? and 5. How is the interest return returned to the BAAC? 'Mr. Chulapan confirmed that the action was taken in accordance with Section 28 under the State Financial Discipline Act 2018 and for the comfort of all sectors, the Prime Minister confirmed that this matter would be brought into the decree for interpretation. So I want you to wait for clarity. I admit that the BAAC's quasi-budgetary policy used to be done through the per-rai-thousand project. Rice price insurance In the past Therefore, we have to wait for clarity from the decree and how the Cabinet resolution will support it,' Mr. Supachai said. As for the issue of concern about the BAAC's liquidity, it must be separated into two parts: legal liquidity. Currently, the BAAC amounts to 200 billion baht, which is in a strong and sufficient position, and the other part is the bank's excess liquidity. We have to look at it again and it is a matter that the BAAC itself must explain to the BAAC labor union by asking that the government have a repayment plan. How does the BAAC How will it be repaid within 3 years, 5 years, 7 years, or 10 years? Currently, the BAAC has outstanding debt under Section 28 in the amount of 629 billion baht. Every year, the BAAC receives repayments of approximately 10-12 percent of the outstanding debt or approximately 60-90 billion baht from the government. from the implementation of other past projects When the government borrows more from the BAAC, what will be the clear repayment guidelines? -515.- Source: Thai News Agency