The policies largely continue ally Srettha Thavisin's agenda and that of their populist Pheu Thai party, including debt restructuring and legalizing casinos to draw in investment and more tourists
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Political newcomer Paetongtarn’s cabinet was sworn in this month, after parliament elected her Thailand’s youngest premier following the shock removal of predecessor Srettha Thavisin by a court decision. “If there are no financial and fiscal measures to support economic growth, it is expected that the country’s economic growth rate will not exceed 3% per year,” she said.
While she highlighted the signature plan for a ‘digital wallet’ handout of 10,000 baht to 50 million people, some of which Paetongtarn has previously said will be given in cash, there were no updates on how or when it would be rolled out. The government insists the policy is necessary to energise the economy, which the central bank expects to grow 2.6% this year, up from 1.9% in 2023 but far adrift of most regional peers.
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