Deputy Prime Minister Phichai Announcement to accelerate the recovery of the Thai economy

Ministry of Finance, Deputy Prime Minister Pichai Announcement to accelerate the recovery of the Thai economy Passed many measures, including investment budgets, earning income from tourism. Clear household debt Prepare to meet with BoT governor to discuss interest rate policy. Moving forward to push digital wallet worth 10,000 baht Mr. Pichai Chunhavajira, Deputy Prime Minister and Minister of Finance Said after paying homage to the sacred relics of the Ministry of Finance that the policy conflict between the government and the National Bank Regarding interest policy exchange rate Inflation rate Therefore, he is ready to make an appointment to discuss with the Governor of the BoT in order to make the BoT's monetary policy and the government's fiscal policy consistent with each other, taking care of the stability and well-being of the people. He admits that when GDP shrinks, it causes people's income. also decreased 'I accept that injecting new money into the public through digital wallets The money doesn' t just go to the tycoons alone. Because the new money will be distributed to all parts. Both small shops, SMEs and large product manufacturers. When you put something in Don't think of it as helping poor people or rich people, but adding new money into the system. To add new opportunities to the economy Because people currently have a household debt burden of 16 trillion baht, higher than 90 percent of GDP. When people have no new money to spend, it affects their livelihoods. Because the price of products is increasing every day. Therefore, new money must be created to circulate in the system,' Mr. Pichai said. Mr. Pichai added that When the Thai economy expands below its potential Thailand's economic situation has deteriorated greatly. GDP has decreased step by step from 4 percent to 1 percent in the past 4-5 years compared to the last 20 years. Thailand is well respected. Attract investment from around the world The government therefore focuses on increasing the investment budget from 20 percent to 24 perc ent in 2025 and increasing the investment budget in provinces by more than one hundred billion baht. To spread investment to more regions When Thailand was a producing country Must rely on income from exports But the world economy is slowing down. and the potential for competition has decreased. Therefore, we must find income from tourism to replace exports. Because Thailand has tourism potential. Bringing up and developing underground natural resources in the Gulf of Thailand by opening the country Let foreigners bring new technology Come join in research and development Raise the level of new target industries To increase competitiveness both electric vehicles electronic industry When going out on a roadshow for investors to understand It will attract more confidence. Because Thailand is located in the right place that foreigners want. both clean energy The government aims to move forward with the development of logistics and transportation when Thailand is located at the center of the region. Therefore, it has the potential to support transportation by land, water, and air, especially the transportation of goods from China, which is a powerful economic power. Connect to another region When Thailand was a producer Must be the carrier and good market makers To open up the market and add new options Source: Thai News Agency