Post-audit panel puts pledging loss at Bt330 bn, and rising

TUESDAY, NOVEMBER 05, 2013
Post-audit panel puts pledging loss at Bt330 bn, and rising

The Post Audit Committee Tuesday revealed that the government faced a combined loss of Bt330 billion during its past three rice-pledging projects, amounting to 58.8 per cent of the total spending of Bt600 billion on the programme during the period.

Moreover, the rice-pledging scheme could result in a loss of as much as Bt390 billion when including the current project launched this year, said the committee, which is chaired by Supa Piyajitti, deputy permanent secretary of the Finance Ministry.
The Nation