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Thailand: Finance Ministry says state enterprises spending much less than anticipated.
(From Thai Press Reports)
Section: General News - Complicated e-auction procedures, disruption of privatisation plans and delays to mega-investment projects have resulted in some state enterprises spending much less money than expected on new investment, according to caretaker Deputy Finance Minister Chaiyot Sasomsub, The Nation reports.
The Finance Ministry now wants major state enterprises to accelerate their spending on new investment to boost growth during the current period of slower economic expansion.
Chaiyot said government spending had failed to measure up for two main reasons: postponement of investment in the Bt1.8-trillion mega-projects …
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