Thai Prime Minister Paetongtarn Shinawatra announced her government’s policy agenda in parliament, including plans to allocate 450 billion baht in handouts to boost the economy. Paetongtarn, a newcomer to politics, took office as Thailand’s youngest prime minister after her predecessor, Srettha Thavisin, was removed by a court decision. The government’s policies largely align with those of the previous administration, focusing on debt restructuring and legalizing casinos to attract investment and tourists.
Paetongtarn acknowledged the challenges her administration faces, including structural economic issues, and stressed the importance of taking urgent steps to stimulate growth. Without financial and fiscal measures to support economic growth, the country’s growth rate may not exceed 3 percent per year, leading to increased public debt levels. Paetongtarn emphasized the need to restore the country’s economy quickly to ensure strong growth in the future.
One of the key initiatives outlined by Paetongtarn is the “digital wallet” handout program, which aims to provide 10,000 baht to 50 million people. However, details about the distribution method and timeline for this handout were not provided. The government’s focus on stimulating economic growth through cash injections aims to address the challenges faced by the Thai economy and prevent public debt levels from exceeding sustainable limits.
In addition to the cash handouts, Paetongtarn’s government plans to continue Srettha’s economic agenda, which includes measures to attract investment and tourists. Legalizing casinos is one of the strategies proposed to drive economic growth and increase revenue. The emphasis on debt restructuring and economic reforms reflects the government’s commitment to addressing structural issues and promoting sustainable growth in the long term.
As Thailand grapples with economic challenges, Paetongtarn emphasized the importance of implementing timely and effective measures to restore the country’s economy. By focusing on policies that support growth, the government aims to ensure that economic growth remains strong and sustainable. The utilization of cash handouts and other financial measures is part of a broader strategy to revitalize the economy and promote investment in key sectors.
Overall, Paetongtarn’s policy agenda reflects a continuation of previous initiatives and a commitment to addressing economic challenges in Thailand. By emphasizing the need for urgent action to stimulate growth and prevent public debt levels from escalating, the government aims to restore the country’s economy and maintain a strong growth trajectory. While details about the implementation of specific programs like the digital wallet handout were not provided, the government’s focus on economic reforms and investment promotion signals its determination to overcome current challenges and drive sustainable economic growth in the future.
