Bangkok: The Economic Cabinet has taken significant steps to enhance financial stability by increasing savings opportunities and establishing a compensation scheme of 2 million baht for each death in nine southern provinces.
According to Thai News Agency, Prime Minister and Minister of the Interior, Anutin Charnvirakul, has directed Deputy Prime Minister and Minister of Finance, Ekniti Nitithanpraphas, to lead the 7/2025 Economic Policy Committee meeting. The meeting included participation from Cabinet members and relevant permanent secretaries. The Prime Minister also announced the lifting of the state of emergency in Songkhla Province last Friday, marking the transition to a recovery phase following a period of disaster.
Over the weekend, the Prime Minister and ministers visited Songkhla and Satun Provinces to oversee recovery efforts and engage with local residents and workers. A new policy has been issued to the Ministry of Interior to revise the compensation criteria, now ensuring 2 million baht per deceased person for all flood-affected victims across the nine southern provinces. This proposal will be submitted to the Cabinet for further consideration.
The Economic Cabinet recognized the success of the government's Quick Big Win policy, which has led to notable improvements in three economic confidence indices. The Regional Economic Confidence Index improved from 65.9 in September 2025 to 71.1 in October 2025. The Consumer Confidence Index increased from 50.7 in September 2025 to 53.2 in November 2025, while the SME Confidence Index rose from 48.0 in September 2025 to 53.2 in November 2025.
In principle, the Economic Cabinet has approved the "Quick Big Win" measure, which aims to enhance savings opportunities and boost financial security for citizens. This initiative encourages middle- and low-income earners to save more, promotes financial well-being, and ensures a secure retirement income, thereby reducing the government's budget burden on elderly welfare.
Reporters have noted that the new policy promotes public savings and stability through the Individual Savings Scheme (TISA), a tax-deductible savings tool that allows individuals to choose their savings or investments based on their risk preferences. Options include investing in stocks, bonds, or low-risk assets, under government-set limits. This system replaces the previous one that restricted specific products like RMFs or LTFs, aiming to reduce product duplication, enhance tax deductions, and mitigate capital market distortions caused by previous tax measures, ultimately addressing tax inequality.