FRIDAY, March 29, 2024
nationthailand

Nod to Bt20 bn partial payout to rice farmers

Nod to Bt20 bn partial payout to rice farmers

THE CARETAKER Cabinet Tuesday approved a short-term allocation of Bt20 billion from the central budget to pay off debt owed to rice farmers, following a proposal by the National Rice Policy Committee.

However, the decision to allocate the funds – just part of the Bt110 billion required to pay more than 1.4 million farmers under the rice-pledging scheme – requires the Election Commission’s ratification.
 Caretaker Deputy Commerce Minister Yanyong Phuangrach said after the Cabinet meeting that the government would request the EC’s approval for the Bt20 billion.
 The rice committee proposed that the central budget should be used to partially pay for the rice pledged under the programme, while the Commerce Ministry sells rice from its stockpiles and the Finance Ministry seeks a bridging loan to meet the remaining debt.

The Nation
 

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