“Pichai” reveals that the Federation of Thai Industries has submitted a white paper with economic proposals, focusing on debt resolution.

Pichai", Minister of Finance, revealed that the Federation of Thai Industries submitted a white paper with economic proposals, emphasizing debt resolution, improving laws, hoping to see GDP 67 at 2.7-2.8%. In terms of the private sector, it is always the economic stimulus measures "double" and "Easy e-Receipt". Mr. Pichai Chunhavajira, Deputy Prime Minister and Minister of Finance, said after the Joint Standing Committee on Commerce, Industry, and Banking (JSCCIB), consisting of the Thai Chamber of Commerce, the Federation of Thai Industries, and the Thai Bankers Association, led the group to discuss and presented a white paper with economic proposals to the Prime Minister that there will be an acceleration of debt resolution by restructuring debt, especially household debt and SME debt, with assistance from the government, the Bank of Thailand, and the Thai Bankers Association, including household debt in the pickup truck sector, which will also have assistance guidelines. Pichai said that solving the econ omic problem will involve coordination between the business, industrial and financial sectors, and will look at both the short term and the long term. In the short term, debt burdens must be reduced and people's incomes increased, improving the economy. Mr. Pichai said that the government must amend the law and improve the big structure, such as water management. Mr. Pichai talked about Thailand's economic growth in 2024 or GDP that the government still hopes to see GDP this year at 2.7-28%. The government hopes that people will have more income, which is in line with the approach of every country that does not only reduce expenses or reduce debt, but also has to accelerate income in order to compete with other countries. All countries are implementing this policy. Mr. Sanan Angubolkul, Chairman of the Thai Chamber of Commerce and Board of Trade of Thailand, said that the Prime Minister promised to set up a committee between the government and the private sector, with an official meeting possible every 6 m onths. Mr. Sanan presented economic stimulus measures, such as the double-and-half project and the Easy e-Receipt project, or the 2024 tax deduction project, which the Prime Minister has accepted and will consider together. Source: Thai News Agency