Thailand’s Prime Minister Paetongtarn Shinawatra has outlined her plans to kickstart the economy following her recent appointment. In a special cabinet meeting, she discussed policies that will be presented to parliament as her administration officially begins its term. Paetongtarn emphasized the need to continue the economic initiatives of her predecessor while making necessary adjustments. These initiatives focus on addressing debt restructuring, supporting small and medium-sized enterprises, and bolstering the agricultural and tourism sectors.
Paetongtarn’s government intends to build upon the foundation laid by former premier Srettha Thavisin. She stressed the importance of maintaining momentum in stimulating the economy, which has been a key priority for the previous administration. While there may be some tweaks to existing programs, the overall approach will remain consistent with the strategies implemented by her predecessor.
As the youngest daughter of the controversial former premier Thaksin Shinawatra, Paetongtarn faces steep challenges in her new role. Despite not having prior government experience, she will need to navigate a myriad of issues ranging from economic struggles to potential legal obstacles. The shadow of her family’s political history looms large, with three previous family members having been removed from office due to coups or court decisions.
One of the key initiatives under consideration is the government’s flagship digital wallet scheme, which aims to provide financial assistance to millions of Thais. While details regarding the implementation timeline remain unclear, Paetongtarn has indicated that adjustments may be made to the program. This includes distributing part of the proposed 450 billion baht handout plan in cash, suggesting a potential revision to the digital wallet scheme.
Thailand’s new Prime Minister Paetongtarn Shinawatra is poised to lead the country through a period of economic recovery and policy continuity. With a focus on revitalizing key sectors of the economy and addressing pressing issues, her administration aims to build upon the groundwork laid by her predecessor. While challenges undoubtedly lie ahead, Paetongtarn’s leadership will be crucial in steering Thailand towards stability and prosperity.
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