Bangkok: Ekniti Nitithanpraphas, a campaign assistant for the Bhumjaithai Party and a candidate for Deputy Prime Minister and Minister of Finance, has expressed confidence that the Thai economy has emerged from its downturn after 73 days of administration.
According to Thai News Agency, Mr. Ekniti assured that the economic policies implemented by Prime Minister Anutin Charnvirakul and the government's economic team have successfully reversed the situation, bringing the Thai economy back from the brink of collapse.
Mr. Ekniti emphasized that the "Quick Big Win" economic policies have been pivotal in pulling the Thai economy out of its challenging position. However, he cautioned that the economy may face challenges again amidst global volatility. He stressed the importance of continuing efforts to help the Thai economy recover and regain its strength through the "10 Plus" economic model, which was part of the Bhumjaithai Party's campaign promises.
The 10 Plus economic policy aims to increase income for all groups, with a focus on distribution. Mr. Ekniti highlighted that many salaried employees face financial difficulties, and the policy seeks to alleviate this through initiatives like the "Half-Price Plus" scheme and community solar power projects. Additionally, the policy includes measures to lower household electricity costs to no more than 3 baht per unit for certain consumption levels.
A significant component of the policy is the debt relief program "Pay off debt quickly, move forward," which assists individuals with debts not exceeding 100,000 baht by offering flexible payment terms and interest rate reductions for on-time payments. The program also aims to support SMEs through tax breaks, encouraging them to integrate into the formal economic system while contributing to national development.