The economic minister meeting agreed to implement measures in short term, medium term and long term in a bid to boost Thai economy to grow more than 2.5%.
Prime Minister Srettha Thavisin chairs the first economic minister meeting in order to tackle economic problems with an attempt to boost the Thai economy.
He said before the meeting that Thailand still has various economic problems including slowdown global economy which impact to export sector, aging society, high rate of household debt.
The economic minister meeting need to talk on order to seek appropriate solutions in order to support Thai economy to have potential growth.
Thai economy should grow more than 3.5%
Deputy Prime Minister and Finance Minister Pichai Chunhavajira said the first meeting of the economic minister meeting chair by Prime Minister Srettha Thavisin agreed to conduct measures in short term, medium term and long term in a bid to boost Thai economy to grow more than 2.5%. Thai economy should grow more than 3.5%.
“The economic growth this year which is projected to grow by 2.5% is unacceptable. The government will implement measures to boost the Thai economy to grow more than 2.5%. However the new target of the economic growth has yet settled.”
He said in short term, the government will propose the cabinet to allow Thai Credit Guarantee Corporation to guarantee loans for small and medium enterprises. Only new SME companies can eligible the guarantee.
The medium term and long term measures will be raised in the next meeting with two weeks. The measures are the accelerating investment, restructuring industrial, tax restructure to conform the global requirement.
Measures to boost tourism in low season
Deputy Finance Minister Paopoom Rojanasakul said short term measure also include tourism measures to boot tourism in low season. Transport Ministry is requir to propose the measures in the next meeting. The measure includes the package to attract foreign visitors from the Middle East. The promotional package for tourism in the second-tier tourism provinces.
He said the meeting also agreed to set appropriate inflation rate in order to pave the way
for the better economic management.
Deputy Finance Minister Julapun Amornvivat said the economic minister meeting was not a economic minister committee as previous. In order to make more flexible, each economic minister meeting will be related agencies to participate in order
to pave the way to facilitate for working. However, the National Economic and Social Development Council (NESDC),
The Fiscal Policy Office are secretariat office of the economic minister meeting.
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