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| PM to Push for National Savings Fund |
| UPDATE : 30 July 2010 |
The prime minister pledges to push for the national savings fund draft bill for independent professionals as part of the government's effort to implement a full welfare service.
Prime Minister Abhisit Vejjajiva said he will push for the draft bill on a national savings fund for people outside the state-run social security fund. Abhisit said the savings fund will require its members and their local administration organizations to pay contribution.
The prime minister acknowledged that although several social aid programs have already been implemented, most people have no access to them.
Abhisit noted the spending on welfare must be sustainable and must not be a burden to the government so the cooperation of all parties is necessary.
The prime minister stated his government has set aside 700 million baht to operate the community welfare fund and pointed out there will be more social welfare packages in the future to reduce inequality.
The government projected the universal welfare scheme will be implemented by 2017.
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