The Chairman of the Thai Chamber of Commerce and the Board of Trade of Thailand expects the direction to form a Pheu Thai government. send a positive signal to the government soon Suggests that the new government should accelerate the budget to stimulate both the public and business sectors in order to achieve 3.5% GDP growth in 2023.

Mr. Sanan Angubolkul, chairman of the Thai Chamber of Commerce and Board of Trade of Thailand, revealed that in the past week, the private sector has closely followed the progress of government establishment. and see a clearer direction When the Pheu Thai Party, as the leader of the government, was able to collect more votes in order At present, it is known that there will be a total of 9 coalition parties in the government and it is expected that there will be additional support from political parties and the Senate until it can vote for the prime minister from the Pheu Thai Party candidate. But it is important for the stability of the government to have sufficient and strong voices. in order to drive the policy smoothly and continually If considering the current situation, the Chamber of Commerce There is still confidence that the country should have a new government in the framework of August-September. which is not too late The Thai Chamber of Commerce views that Thailand should have a new government as soon as possible. Because at present, the country faces many important challenges. Both from the economic situation that Thailand is in a recovery period. Investment continues to wait and see amid volatility Uncertain and it is likely that the global economy will slow down. Including the war that occurred All of these are all-round risks that the Thai economy is currently facing.

However, the urgent thing that the new government needs to take care of immediately is to solve the people's stomach problems. through policies to stimulate the economy Policy to reduce the cost of living for the people. and reduce private sector costs, including fuel and electricity costs, which are still at a high level And facing the problem of the export sector that has been slowing down for 8-9 consecutive months. In addition, the new government needs to accelerate the prominence of the tourism sector, which is the main engine of the Thai economy in the last quarter and is considered a high sea period. Sun of the year including facilitating the process of obtaining visas for Chinese tourists quickly Increasing flights to support the increasing number of tourists during this period Including accelerating the preparation of the 2024 expenditure budget to ensure continuity in driving various plans across the country, as well as accelerating investor confidence. To attract new investments from foreign countries, which will help create employment. and is good for future export figures 30 billion baht. The new government therefore needs to prepare an appropriate management plan for both the area and water storage. Supporting the needs of the agricultural, service and industrial sectors This will affect the economic recovery in the next year. as well as continuing international trade agreements that Thailand has initiated with many countries To accelerate the expansion of new markets, especially the Thai-EU FTA and many other editions The private sector sees that it will create a competitive advantage for Thailand on the world stage. long-term part must begin to lay a foundation for knowledge and understanding of all sectors regarding the importance of the environment and sustainability Because the world's trading patterns will change. Today, it is evident that environmental and social standards have become trade barriers that Thailand must quickly adapt to. especially the promotion of BCG and ESG guidelines to have international patterns and standards

In addition, the domestic economy must admit that it is still worrying. In particular, the purchasing power of the people, as reflected in the purchase of durable goods since June, tends to decrease. It is a sign that people have no income and are more careful with their spending. This situation requires an immediate economic stimulus policy as has been done in the past, e.g. Half a project to bring back the purchasing power of the people While the specification of the Minister of Finance is one of the positions that the private sector wants to be knowledgeable. Expertise And it is recognized by all sectors that it will be able to propose policies to stimulate the economy that respond to the people's needs quickly and directly to the point. And adopting a policy to give away 10,000 baht digital money to instantly stimulate the economy, the Chamber of Commerce sees that in principle it can be done.

with comments as follows:

5 – 3%, money is circulating in the economy for about 3 – 4 cycles. The project still has concerns from many parties. Both the source of the source of the budget will come from any source. To what extent will it affect the fiscal position, which must be clear in this respect? Encourage entrepreneurs to enter the tax system more accurately At present, most of the medium and small stores have not entered the correct tax system. in order to expand the tax base and collect more revenue for the country in the next phase

2 ) Consider giving away 10,000 baht digital money aimed at groups who are in trouble or have an urgent need to be helped first. because it will not have to use a budget that is too high And use some of the budget to invest in infrastructure, employment or investing in the public interest will be more worthwhile or not? Under the consideration of worthiness and not creating a burden on the country's fiscal

However, the Thai Chamber of Commerce still believes that the Thai economy this year has a chance to grow by 3.0 - 3.5% and is confident that the Thai economy will grow fully next year driven by the new government's economic stimulus measures. Government should be swift, orderly and stable. In order to be able to carry out various policies in moving forward the country's economy as a whole continuously in line with the current recovery of the Thai economy, etc.

Source: Thai News Agency