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News Forum - Oil Fuel Fund in Thailand faces 84.3 billion baht loss


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A confidential source from the Energy Ministry revealed that a meeting is scheduled this week to address the considerable loss of 84.3 billion baht (US$2.35 billion) incurred by the state Oil Fuel Fund due to its oil and gas subsidy programmes. Despite the substantial deficit, the fund’s financial status is deemed manageable. The discussion will … …

The story Oil Fuel Fund in Thailand faces 84.3 billion baht loss as seen on Thaiger News.

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I've never really understood the Thai government's approach to this and similar situations.

When prices, determined by the market, like for oil or diesel fuel, become "too expensive", they just borrow from Peter to pay Paul, rather than engage in any meaningful economic reform.

Every time prices go up, Thais bleat to the government for help.  They need to begin bleating for systemic reform, not handouts.

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