Finance Minister Uttama Savanayana said on Tuesday that a cabinet meeting in Narathiwat province acknowledged the PM's order to appoint the committee.
The Cabinet also gave the green light to a Bank for Agriculture and Agricultural Cooperatives recapitalisation of Bt20 billion over five years. Government spokeswoman Narumon Pinyosinwat said the PM-appointed committee would accelerate public sector investment this year and the next. The committee will be chaired by deputy PM Somkid Jatusripitak. The finance minister is to be vice chairman.The committee members will comprise economic ministers, including ministers of Finance, Commerce, Energy, Industry, and Digital Economy and Society, as well as deputy secretary-general to the prime minister for political affairs Kobsak Pootrakool, the permanent secretaries of the Foreign and Commerce ministries, and the Board of Investment secretary-general.
The committee, which will also invite companies to jointly invest with the state sector in mega projects, will report progress and obstacles of its tasks to the premier on a regular basis.Somkid recently said the higher capital will enable the BAAC to become a key mechanism of the government in bringing sustainable development to rural areas.The Cabinet also approved in principle an urgent investment plan of Bt18.68 billion in the special economic zone in Songkhla’s Chana district.