King Maha Vajiralongkorn Backs New Thai PM in Debt Restructuring Efforts to Stimulate Economy

Saturday, 7 September 2024, 08:48

King Maha Vajiralongkorn endorses the new Thai PM, Paetongtarn Shinawatra, as she pledges to stimulate the economy and tackle debt restructuring. The government plans to support small and medium-sized enterprises and continue previous policies while implementing a digital wallet scheme.
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King Maha Vajiralongkorn Backs New Thai PM in Debt Restructuring Efforts to Stimulate Economy

King Maha Vajiralongkorn Endorses Economic Reforms

As Thailand’s Prime Minister Paetongtarn Shinawatra takes office, she swiftly commits to stimulating the economy through pivotal debt restructuring efforts. Holding a cabinet meeting, Paetongtarn outlined her government’s goals aimed at fostering growth.

Continuing Srettha's Policies

  • Supporting Small and Medium-Sized Enterprises
  • Boosting the agriculture and tourism sectors
  • Revising the digital wallet scheme for economic stimulation

At her inaugural press conference, she stated, “Our work will continue from Srettha’s government, particularly in stimulating the economy.” The measures she aims to implement will commence at a critical 2-day parliamentary meeting this week.

Moving Forward from Challenges

Facing a multitude of economic challenges, including legal hurdles, Paetongtarn’s administration carries the weight of previous government initiatives. The economic landscape remains uncertain as the focus shifts to satisfying the needs of small businesses and adjusting the ambitious digital wallet scheme.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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