Phu Thom cites accomplishments made since taking office and claims that much more must get accomplished.
Prime Minister Srettha Thavisin stated on Friday that the government intends to grow Thailand into a high-income nation through a number of tasks that may enhance people’s quality of life.
Mr. Srettha stated at a party gathering that the state had wasted no time and had worked tirelessly to solve the country’s issues.
The design of the occasion was” 10 Month Without Waiting, Moving Forward to Achieve 10 out of 10″. The Move Forward and Pheu Thai parties were attempting to form a partnership after the election next year when the” 10 Month” were mentioned. Some people suggested that waiting until the military-appointed Senate’s expiration date in May 2024, since it was opposed to Moving Forward, be a consideration. Pheu Thai disagreed, ditched Move Forward and safely formed a new partnership.
Mr. Srettha cited a number of issues the government has attempted to address since taking office, including better management of water resources to stop flooding, a new strategy to combat turmoil in the deep north, opening borders to encourage commerce, regulating agricultural product prices, and tackling fog pollution.
The state emphasizes more than just the fundamental laws. We’re giving our best and I am convinced investment may follow”, he said. ” We’re not only aiming to increase farmers ‘ income, but we also want to create a high-income society, and we need to draw in foreign investment.”
Mr Srettha reaffirmed the government’s dedication to reduce people’s debt issues, while admitting its efforts to tackle casual loan have yet to bear fruit. He said the decision by Thai banks to cut the minimum retail rate ( MRR ) for loans was a result of the government’s efforts.
Following a meeting between Mr. Srettha and the country’s four largest institutions, commercial lenders agreed to reduce the MRR by 25 basis points for six weeks to lessen the financial burden on vulnerable customers. The Bank of Thailand made a number of unsuccessful attempt to lower its benchmark interest rate as a result of the discussions.  ,
Mr. Srettha emphasized that he entered elections because he wanted to improve the standard of living for Thai citizens rather than because he had political interests. He claimed that there are still plenty of time for the authorities to accomplish its objectives.
Srettha Thavisin, the president of Pheu Thai, and Pheu Thai head Paetongtarn Shinawatra arrive at the party’s headquarters on Friday. ( Photo: Pattarapong Chatpattarasill )
Paetongtarn Shinawatra, the head of Pheu Thai, claimed at the same time that the party made the right choice when it agreed to take the helm of the coalition government.
Nevertheless, she criticised the Bank of Thailand, saying its independence from the government was posing an “obstacle” to work to handle a boat of pressing financial difficulties.
She said the nation has heavily relied on fiscal policy to boost the economy, which has led to a high public debt and finances deficit.
” If the BoT does n’t understand and cooperate with the government]in its efforts to tackle economic problems], we ca n’t ]win ]”, she added.
She claimed that since the country’s military coups have caused it to lose prospects for almost 20 years, but that Pheu Thai may change its riches before the upcoming election.
She explained that the government change was just one more reason for the praise. There is no way for things to get worse than this, he says.” Everyone is moving forward.” We are aware that our work is” thankless and unlimited,” but we are willing to do it.