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(BangkokPost.com) – Deputy Prime Minister and Finance Minister Mr Surapong Suebwonglee gave a lecture under the title “The Government’s policies and the Real Estate Sector for the Betterment of Thailand’s Economy in 2008” on Wednesday morning.

During his speech, Mr Surapong expressed confidence that several policies to be implemented by the government will boost the country’s overall GDP growth by another 0.2-0.3 per cent on top of the initial forecast of 5.5 per cent for 2008.

Mr Surapong disclosed plans to raise the topic of the Government Housing Bank offering a rate on loans for the private sector at next week’s cabinet meeting. The proposed policy is aimed at enabling low income earners to own homes.

He explained that the government’s tax incentives is a short-term measure to boost the economy and hinted at two more long-term measures to be introduced in order to stabilise the economy.

Mar 26, 2008

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