BANGKOK — In a resounding commitment to bolster Thailand’s standing as a regional economic juggernaut, Prime Minister and Minister of Finance, Srettha Thavisin, addressed a captivated audience at the Bangkok Post Forum 2023, unveiling a visionary path forward for the nation. Under the banner of “Thailand: The Era of Change,” the Prime Minister articulated his unwavering determination to steer Thailand through global challenges towards becoming a formidable regional economic hub.
Key to this transformation are a multitude of government policies, masterminded to underpin this grand ambition. These policies encompass initiatives such as employment promotion campaigns, financial support for low-income households, and comprehensive aid programs for the nation’s most vulnerable segments. Together, these endeavors are poised to propel Thailand toward the ambitious goal of narrowing the income gap by 2027.
At the forefront of Prime Minister Srettha’s administration stands the Digital Wallet campaign, a beacon of innovation. Promising a digital allowance of 10,000 baht for every Thai citizen, this initiative signifies a profound shift towards digital finance leveraging cutting-edge blockchain technology.
In addition to these measures, Prime Minister Srettha’s government is steadfastly focused on attracting foreign investments, particularly within the high-skilled and high-tech sectors. While these campaigns might raise questions regarding fiscal discipline given their substantial budget requirements, the Prime Minister reassured the public of the government’s unwavering commitment to maintaining a balanced fiscal framework, recognizing its pivotal role in fostering investor confidence.
Speaking to the nation’s fiscal fortitude, the Prime Minister highlighted Thailand’s substantial reserves, boasting a ratio tenfold higher than the global standard. This robust financial position instills confidence that Thailand’s economy will continue to flourish and thrive.
Moody’s, a leading credit rating agency, has bestowed upon Thailand a positive rating with a stable outlook, further affirming the nation’s economic resilience and sound financial management. Prime Minister Srettha underscored that Thailand continues to receive favorable assessments from esteemed rating agencies, a testament to the country’s commendable track record and reputation.
While economic matters remain at the forefront, the Prime Minister also emphasized the critical importance of healthcare. Thailand, since 2002, has proudly maintained a universal healthcare program, and the government pledges to make further investments in this vital sector to enhance healthcare services for its citizens.
In conclusion, Prime Minister Srettha Thavisin exuded unwavering optimism for Thailand’s future, citing the nation’s abundant resources and skilled workforce as the cornerstones of its prosperity. The government, he affirmed, is resolute in its commitment to foster success in every facet of Thailand’s journey towards becoming a regional economic powerhouse.
