PPRP vows to stimulate economic growth

Pragit calls for 1 to end hunger.

PPRP leader Prawit Wongsuwon and the party's economic team hold a press conference to underline core economic policies on Thursday. (Photo: Pattarapong Chatpattarasill)
On Thursday, Prawit Wongsuwon, the president of the PPRP, and the party’s financial group will have a press conference to outline fundamental economic policies. ( Image: Pattarapong Chatpattarsill)

On Thursday, the Palang Pracharath Party ( PPRP ) vowed to support the nation’s economic development through a number of initiatives, such as funding its old village fund, lowering energy costs, and establishing an organization to manage natural gas and oil concessions.

In his role as the PPRP leader, Deputy Prime Minister Prawit Wongsuwon led the party’s financial team on Thursday and NBPSP in summarizing its main socioeconomic stimulating plans and highlighting its willingness to further stimulate the economy if it forms a new government.

He also emphasized the significance of national harmony and peace, as this would enable the new administration to concentrate solely on boosting the nation’s economy, which he claimed would be the main task that may benefit every citizen.

I firmly believe that the more than 60 million Thai people will be able to conquer poverty as well if we can resolve social conflicts, he said.

According to Gen Prawit, one of the PPRP’s seven base coverage is to revive the economy.

According to PPRP resident Uttama Savanayana, the party’s top priority is to boost the economy. The club also has economic stimulus programs that range from reducing energy prices to paying off household debts.

The town fund, an outdated project that will be scrapped and used to build community economies across the nation, is intended to provide 200, 000 baht in funding to each village in order to boost the local economy, according to the PPRP.

According to him, the village bank plan may require a total funding of about 100 billion baht.

Farmers in about 8 million families across the country will have 30, 000 ringgit each in cash to develop crops under the same project, while prices of fertilizers may be subsidised and reduced by about half, he said.

Another important member of the PPRP’s economic team, Mingkwan Sangsuwan, emphasized the significance of instantly lowering energy costs in order to reduce the high cost of living, including by reducing the price of gasoline and diesel by 18 and 6.30 baht, respectively.

According to Mr. Mingkwan, the residential energy rate will increase to 2.50 baht per unit, while the corporate sector’s will rise to 270.

In the meantime, Santi Promphat, the deputy finance minister and secretary-general of the PPRP, announced a new initiative to construct statewide rail service between Bueng Kan and the East, where the government’s flagship Eastern Economic Corridor ( EEC ) program is located.

Another significant economic team member of the party, Thirachai Phuvanatnaranubala, stated that government budgets diverted from some, less significant projects and increased revenue reform revenues would be used as cash for all of these and other economic stimulus projects.