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นวัตกรรมการพัฒนารายได้
                ขององค์กรปกครองส่วนท้องถิ่น


                         = The interest of the local administrations. The preliminary results of this study
                             found that most local governments (in every type) lack interests or plans on

                             borrowing and local bonds with the number more than 490 organizations, or
                             65.1 %. While 171 local governments, or 22.7 % are interested in loans only.
                             There are only 5 local organizations interested in selling bonds.

               Recommendations for Loans and Bonds


                    1) Recommendation for Principles

                         = Borrowing money should be determined by local ability to repay and fiscal

                             capability of local governments. It means the loan should be considered from
                             the fiscal capability to manage debts by local governments. Thus, the

                             researchers have suggested that the principles to consider loans for local
                             governments should be based on the status of local fiscal, loan program, and
                             the ability to repay. The types of local government should not be a determining
                             factor of the local loan.


                         = The values ​​that “the indebtedness of local governments must be based on the
                             public benefits” because the debt is a long-term commitment to repay principal
                             and interest. Thus, the district administration has to make a real value from the

                             loan by investing in projects that yield long-term benefits and cost-effective
                             enough to repay the debt.

                         = Public participation and listening to public opinion is necessary because the

                             loan is the use of future money with interest. The repay is from local people’s
                             taxation. The public should be involved from the start because it will result in a

                             better understanding of the reasons for the loan and to establish a system of
                             governance by the people, which is a more sustainable method.

                    2) Recommendation on Legal Matter


                         = Opportunity for all local governments to precede loans is to firstly consider the
                             fiscal status, fiscal capability, knowledge on debt management, and the ability

                             to repay the principal and interest.

                         = Increase the number of local representatives and experts in the Credit Loan
                             Committee. The Committee considering a loan for local governments in

                             Thailand is “Provincial Finance Committee” comprising officials such as
                             governors, Deputy Governor, Provincial Revenue Official, Provincial Commerce
                             Official, and Civil Works and Town Planning Provincial Official. The members of
                             the committee lack representatives of local parties and experts in the credit
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