Page 73 - Annual Report 2552

Note that most of new financial innovations could become government contingent liabilities in case

that the government failed to supervise/monitor emerging transactions following existing laws and regulations.
To exemplify, according to the public debt management law, PPPs (public private partnerships) and registered

fund are not counted as public debt. Nonetheless, it is unavoidable to reject the government’s risk sharing
and contingent liabilities since the government must take an action if any default would trigger. Regarding

government debts, though there might have some risks arising from insufficient budget allocation, their
advantages were traded off by transparency & accountability in the budget system and comparative lower

financing costs due to high credit rating of the government and accessible concessional loans.
IV) Funding through the emergency act of 350,000 million baht

From the cabinet resolution on 18th August 2009 and 13th October 2009, the spending frame-
work under the emergency decree of 350,000 million baht was approved for economic recovery and SP2

stimulus package. This was aimed to support projects which match with following criteria: not be allocated
from the annual budget, had readiness to implement within the fiscal year 2010, followed the government

policies, had investment activities that create domestic outputs and employments, and not emphasis on
domestic financing and not create any burden on forthcoming budget.

Figure 8: Funding under the Emergency Decree of 350,000 Million Baht

2.6% 0.4%
3.4% 2.4% 0.9% 0.1%
1.5%

11.4% 30.4%

13.3%
17.0%
14.9%
Community investment Water resources Education
and agricultural
Logistics Healthcare infrastructure
Social well - being Income guarantee and misc. Tourism promotion
Healthcare Contingency fund Creative economy
Healthcare on Human Toursim infrastructure Science and Technology
Resource Development Natural resources
Energy and environment

Source : the cabinet resolution on 18th August 2009 and 13th October 2009

72 รายงานประจำาปี 2552 ANNUAL REPORT 2009