Thai govt unable to pay subsidies since October 1

Thailand issues bond as it struggles to pay rice farmers – Reuters, November 19, 2013
Thailand scrambled on Tuesday to fund a rice subsidy scheme that has not paid out to farmers since Oct. 1, a delay that risks alienating key supporters of Prime Minister Yingluck Shinawatra.
A state bank will issue a 75 billion baht ($2.38 bln) bond to plug the funding gap by early December, as the government tries to head off the prospect of farmers joining protests that are already the biggest since it swept to power in 2011…

This entry was posted in 2Bangkok News. Bookmark the permalink.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.