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Prime Minister Paetongtarn Shinawatra Unveils Ambitious Economic Policies to Revitalize Thailand

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Prime Minister Paetongtarn Shinawatra announces government policies in parliament on Sept 12. (Photo: Chanat Katanyu)

The government’s policy statement concluded this Saturday with an ambitious promise to rev up Thailand’s sluggish economy and address persistent debt challenges. Ministers fervently called for public trust in their ability to turn these ambitious plans into reality. “The government is asking the public to have confidence in its ability to implement these policies which have been declared in parliament,” emphasized Deputy Prime Minister Phumtham Wechayachai during the closing remarks.

Speaking for the coalition government, Phumtham made his closing declaration at the tail end of a marathon parliamentary session that clocked in at 31 hours—two hours longer than initially planned. The heated discussions culminated at 1:09 am on Saturday, with a stack of policies aimed at uplifting the quality of life for Thais.

These initiatives encompass tackling household debts, reducing living costs, cracking down on criminal activities, and boosting Thailand’s global competitiveness through a variety of projects. “The policies are designed to build on the accomplishments of the previous administration, focusing particularly on labor skill development and propelling the green and digital economies forward,” Phumtham elaborated.

The opposition People’s Party (PP) didn’t hold back during Friday’s debate, transforming the session into a quasi-censure debate. PP list-MP Parit Wacharasindhu took the floor, using the opportunity to scrutinize the government’s track record over the past year. Even though a new government has been installed, he noted, it mainly comprises the same political actors and families.

Parit criticized the Srettha Thavisin administration’s performance, pointing out its failure to achieve any substantive milestones yet. “None of the five urgent policies promised have been considered successful,” he rued. He cited several examples:

  • The digital handout scheme is still in limbo.
  • New measures to reduce household debt haven’t been put into effect.
  • Temporary measures to curb energy costs haven’t offered long-term solutions.
  • The much-anticipated boost in the tourism sector has not materialized as hoped.

“Though eloquently worded, I have no confidence that this new government will achieve any of its policies over the next three years,” Parit declared, pointing to the glaring discrepancies between promises and execution.

Despite the criticisms from the opposition, the coalition government remains steadfast in their optimism. According to Phumtham, the government believes that their robust strategies will lead to tangible improvements in the everyday lives of Thai citizens. Whether or not the public will share this confidence remains to be seen, but one thing is certain: the coming months will be pivotal in defining the trajectory of Thailand’s socio-economic landscape.

While the debates have been contentious, the stakes are incredibly high. As ministers rally support and solidify their plans, the Thai populace watches keenly with bated breath, hopeful that their leaders can indeed deliver the brighter future they’ve promised.

35 Comments

  1. Edward Davies September 14, 2024

    This is nothing more than empty promises. The same faces in government have never shown any real progress, why would this time be any different?

    • Amy205 September 14, 2024

      I think there might actually be a chance for change this time. The focus on green and digital economies is promising if implemented properly.

      • Joe September 14, 2024

        But how many times have we heard promises of ‘proper implementation’? They always fall short.

      • Edward Davies September 14, 2024

        Exactly! This isn’t the first time we’ve heard these buzzwords. They sound good on paper but real action is always lacking.

  2. Kiara September 14, 2024

    People are always so quick to judge politicians. Could we, for once, give the government a chance to prove themselves?

    • Tommy Lee September 14, 2024

      Kiara, the problem is, we’ve given them many chances and they’ve wasted them all. At what point do we say enough is enough?

  3. SmartPharm September 14, 2024

    What Thailand needs is an economic overhaul, not just tweaks around the edges.

  4. Dean September 14, 2024

    Can’t wait to see them tackle household debt. Maybe they’ll actually have a plan that works.

    • Colleen September 15, 2024

      Given the track record, I wouldn’t hold my breath. These are more likely superficial fixes to deep-rooted problems.

    • Dean September 15, 2024

      You’re right, Colleen, but I’m trying to stay optimistic. If not now, then when?

  5. Michael Smith September 15, 2024

    Pushing for global competitiveness is crucial. Thailand can’t afford to fall behind in the digital era.

  6. ChaiThai September 15, 2024

    The opposition has a point. There’s been a lot of talk but no real action. We need to keep holding the government accountable.

  7. Sophie September 15, 2024

    The new digital handout scheme sounds revolutionary. I hope it helps those in need.

    • grower134 September 15, 2024

      I’m skeptical. These schemes often come with hidden pitfalls and don’t reach everyone they’re supposed to.

    • Sophie September 15, 2024

      That’s true, but there’s always hope that this time, it’ll be different. We can’t just give up.

  8. Pat Lee September 15, 2024

    Reducing living costs is absolutely necessary. The population has been struggling for too long.

  9. Luis M September 15, 2024

    Criminal activities need to be cracked down on yesterday. It’ll improve quality of life across the board.

  10. gardenman September 15, 2024

    Do we really trust the same political dynasties to bring about real change? It’s like expecting a leopard to change its spots.

  11. June Green September 15, 2024

    If the government can pull this off, it could set a new standard for leadership. But that’s a big ‘if’.

  12. Naomi S September 15, 2024

    Job skill development is key. If people have better skills, they’ll get better jobs and boost the economy.

  13. EleanorT September 15, 2024

    Focus on the green economy is long overdue! The environmental benefits could also translate into economic gains.

  14. isaac September 15, 2024

    Parit Wacharasindhu’s critique is spot on. How can we trust a government full of the same old politicians?

  15. Tomasi September 15, 2024

    I’m tired of all these lofty promises. Just show us some results for once.

    • Elena R. September 15, 2024

      Totally agree. Actions speak louder than words.

  16. Raj September 15, 2024

    What about the tourism sector? If they don’t fix it, the economy will suffer even more.

  17. Herb G September 15, 2024

    Long-term solutions to energy costs are critical. The temporary measures are just band-aids.

  18. Kenzie September 15, 2024

    Why is the government still ignoring the voices of opposition? They have valid points that need addressing.

  19. Suresh K September 15, 2024

    It’s time we made the government accountable for its promises. No more excuses.

  20. Myrna September 15, 2024

    31 hours of debate and still no concrete plan? This is just a farce.

    • Hopeful123 September 15, 2024

      Myrna, sometimes thorough debate is necessary for a well-rounded plan. Let’s wait and see.

    • Myrna September 15, 2024

      I’ve waited and seen enough over the years. It’s just more of the same.

  21. Anna G September 15, 2024

    Building on accomplishments of the previous administration sounds like a good idea. Let’s hope they’ll actually do it.

  22. Jay September 15, 2024

    Skills development and green economy are two areas that definitely need attention. Good to see them on the agenda.

  23. Tina September 15, 2024

    Optimism is fine, but let’s not be naive. We’ve been let down too many times to blindly trust this government.

    • Jay September 15, 2024

      True, Tina, but what’s the alternative? We need to support positive moves while staying vigilant.

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