Bangkok, August 26 – The President of the University of the Thai Chamber of Commerce pointed out the policy “10,000 baht digital money” to stimulate the economy for 3 rounds, up to 1.5 trillion baht, with a budget deficit, no need to borrow more. Expected to start in 2024, keep an eye on the “economic dream team” if “Srettha” joins “Minister of Finance”, believing that it will produce results quickly.

Assoc. Prof. Dr. Thanawat Phonwichai, President of the University of the Thai Chamber of Commerce Discusses the policy of “10,000 baht digital money” of the Pheu Thai Party. that it is a policy issued by Mr. Srettha Thavisin, the Prime Minister himself Society is now paying more attention to the matter of saying who says what and what to do. which believes that this policy can be done And there is enough money, it can definitely be done by spending a total of 500 billion baht because the budget structure is 3 trillion baht and a budget deficit of 700 billion baht is used to help, but may have to delay some projects. As for the case where there is concern about public debt, it is unlikely to affect because the budget office The deficit is set at no more than 4%, which from the current financial situation may be a little more budget deficit, not too high, with the public debt ceiling currently at 60%, but can be expanded to 70%, so there is no need to borrow more However, there may be consideration on the use of 7% VAT, which this part will not only make an additional 30,000-35,

However, it is believed that such policies will cause 2-3 rounds of economic turnover, worth 1-1.5 trillion baht, which people who receive money will hurry to use. It is expected that this policy can be implemented in early 2024. The government may design the use in phases, for example, 3,000 baht per phase to distribute to stimulate the economy. and set conditions for use in purchasing Thai products in order to spread the money in the country Will cause money to spin many rounds, if not specified, risk leaking out to foreign products As for the conditions that may be an obstacle, such as having to spend within a radius of 4 kilometers from the address according to the household registration, it is believed that the government will issue requirements to help people to spend.

Assoc. Prof. Dr. Thanawat added that Economic dream team that what we have to believe Having the 30th Prime Minister, Mr. Srettha Thavisin, who has experience working in business is recognized. Administrative abilities successful From the picture of the team list, it reflects that the government has enough power. and there has been a selection of executives at the ministry level that who believes that it can help create results quickly

For urgent work that needs to be done is a road show to build confidence in foreign countries. Free Trade Agreement (FTA) to drive new markets such as the Middle East and attracting new groups of tourists from the Middle East, Vietnam, India and Russia to travel to Thailand more. As for measures to stimulate the real estate sector, it is seen that The government may take various measures, such as canceling the transfer registration. or may use measures to relax LTV to stimulate the real estate sector to drain the stock 60,000-80,000 units, which will not spend a lot of budget And the inexpensive interest rate will help make the market more lively.

“The news that The Prime Minister will assume the role of Minister of Finance and head of the economic team. Because the government sees that the economy is the most important economic matter. And according to the news, it is expected that Deputy Finance Minister may be a former civil servant. which will help to enhance the rules If viewing a private format The CEO will assign senior executives to work. And also a team for Thai people who have experience coming in to help will make the economy stronger.”-.Thai News Agency

Source: Thai News Agency