Bangkok: Deputy Prime Minister and Minister of Finance, Pichai Chunhavajira, expressed confidence in the new government's ability to steer the country's economy towards stability, following a parliamentary meeting to vote for the 32nd Prime Minister. He acknowledged the importance of financial and fiscal confidence for international organizations and believed that the country could move forward despite existing concerns. Pichai also mentioned his plans for a personal break, saying, "I have to take a break, for someone of my age."
According to Thai News Agency, Pichai shared his views after presiding over the opening ceremony of the 2025 Outstanding Insurance Awards, organized by the Office of Insurance Commission. He noted that it is typical for the Ministry of Finance to deal with project backlogs during transitions, but with clear policies, work can continue without interruption. He emphasized the importance of maintaining investor confidence to attract foreign direct investment, highlighting the need for cooperation between the government, the Thai Chamber of Commerce, the Federation of Thai Industries, and the business sector.
Addressing the impending end of the 7% VAT restructuring on September 30th, which is set to revert to a 10% rate, Pichai stated that regardless of leadership, the focus would remain on stable economic growth and maintaining financial and fiscal stability. He reiterated that he had made his recommendations clear at various forums and remained confident in Thailand's ability to progress.
When asked about his plans for rest, Pichai mentioned, "I have to rest. For someone of my age, I have to." He reflected on his options for relaxation, stating, "I'm thinking about it too. I think about it every day," but remained non-committal about whether he would stay within the country. Pichai concluded the interview with a smile, leaving his rest plans open to speculation.