AyG
Crazy Mango Extraordinaire
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Post by AyG on Feb 24, 2017 7:18:35 GMT 7
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chiangmai
Crazy Mango Extraordinaire
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Post by chiangmai on Feb 24, 2017 9:04:44 GMT 7
The Treasury Reserves Account (TRA) issue is a non-event. If you look at page 117 of the 2016 budget you'll see a historical graph showing inflows and outflows to the TRA covering the past seven years, they follow the same cycle every year based on pre-ordained tax payment and disbursement dates - a peak to trough fall of 85% is historically normal. Historically the TRA is at its lowest point about now as it always has been in past years hence there's absolutely nothing suspicious about the level of funds in that account. And FWIW the peak and base value of that account have increased year on year for the past six years or more, so when governement says they're going to reduce the level of funding to that account it seems like a sensible move, in fact it's value was cut by 67% in the 2017 budget. www.bb.go.th/budget_book/e-Book2559/FILEROOM/CABILIBRARY59/DRAWER01/GENERAL/DATA0000/inBrief2016.pdfBTW the Treasury Reserve and the Foreign Currency Reserves (FCR) are of course two totally different things, the FCR are currently very very healthy at USD 179 billion.
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Post by Fletchsmile on Feb 28, 2017 15:37:18 GMT 7
Think Kao Sot have got it all mixed up. Probably a notch or two below the Sun or Daily Star when it comes to economics. Thailand's foreign reserves are in a healthy position. They are something like no.12 strongest in the world - give or take if I remember rightly. Higher than UK too In the SE Asia region only Singapore is in a stronger position. Another thing Thailand has going for it compared to peers like Malaysia, is much lower foreign currency debt (USD) borrowings. Thailand learnt a lot from the Asian crisis, and various restrictions are there to (try and) make sure it doesn't happen again.
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