Thailand’s newly elected Prime Minister Paetongtarn Shinawatra has announced her government’s intention to kickstart the economy immediately. Following a special cabinet meeting to prepare policies, she is set to present her plans at a parliamentary meeting next week. Paetongtarn plans to continue the policies of her predecessor, with some adjustments, focusing on debt restructuring, support for small and medium-sized enterprises, and the growth of the agricultural and tourism sectors.
Despite the change in leadership, Paetongtarn emphasized that her administration will build upon the work of former premier Srettha Thavisin. She highlighted the importance of stimulating the economy and ensuring a smooth transition. However, she did not provide specifics on adjustments to existing programs, such as the digital wallet scheme, which aims to provide financial assistance to millions of Thais through a smartphone application.
As the youngest daughter of former premier Thaksin Shinawatra, Paetongtarn faces various challenges in her new role. With limited experience in government, she must navigate a complex landscape, including economic struggles and potential legal disputes. The removal of previous family members from office due to coups or court decisions adds further pressure on her leadership.
Paetongtarn’s focus on continuing the previous government’s economic policies demonstrates a commitment to stability and growth. By addressing key issues such as debt restructuring and sectoral support, she aims to lay the foundation for a strong and resilient economy. The implementation of targeted stimulus measures will be crucial in providing relief to businesses and individuals affected by recent challenges.
Thailand’s new prime minister has set ambitious goals for reviving the economy and ensuring sustainable development. By leveraging past successes and making necessary adjustments, Paetongtarn aims to lead the country towards prosperity. However, the road ahead is fraught with obstacles, and her ability to navigate these challenges will determine the success of her administration.