‘NESDB’ wants the ‘Pae Thong Than’ government to push for a stimulus plan – to deal with the turmoil of the ‘global economy’.

Mr. Danucha Pitchayanan, Secretary-General of the National Economic and Social Development Council (NESDB), announced that the NESDB is preparing to propose measures to stimulate the economy. Including support for economic uncertainty arising from the global economic situation. In the future, uncertainty from global geopolitics is likely to affect the Thai economy with more conflicts, such as the Middle East.

In addition, the situation after the US election is likely to cause trade protectionism to a new round of trade war.

The NESDB will meet to discuss with the Ministry of Finance and the Bank of Thailand (BoT) what measures they will recommend to the new government. and the appropriate time to take action To support the Thai economy This will use some amounts from the 2025 expenditure budget and they must be prepared and able to be transferred immediately when needed.

“The steps that come out have to look at the tools and the tools in the type of steps that will be used. And you have to watch it now. Measures can be introduced in the first stage and then the situation is assessed. Including what the external influences look like at first. Because budget resources are currently limited. And the fiscal range is only 6.5% because public debt is now 63.5%,” said Mr. Danucha.

Including the need to look at the appropriate timing and measurement as well. Because if you are going to do a project related to investment, you have to be ready for the projects you do. So that the money goes out as soon as possible. This will require consultation with the new government and Cabinet, as well as the Ministry of Finance and BoT.

Digital wallet budget to decide the new government

for short-term economic stimulation NESDB believes that it is essential that projects that help public spending help the economy recover in the short term. But in the next step, in order for the economy to grow, there must be investment.

Regarding the digital wallet project, will it help stimulate the Thai economy at the end of the year or not? Now it depends on the new government policy. Because when considering the budget limit of the digital digital project 10,000 baht, especially the additional budget for 2024, the budget limit of 122,000 million baht, which has passed the parliamentary consideration process, it must be responsible to the government as you proceed.

However, if the government sees that digital wallets will not continue. If that is the case, we need to look at other measures. To support the Thai economy during this period. Especially helping people with low income. Maybe I should talk. And see that the Prime Minister And what will the Cabinet think? But personally I think some kind of measure has to be taken. To help the people at this time

“I don’t know yet. But if there is a change We need to see what kind of changes the government will make. Since the conditions of the original project also had an important condition, that is the source of money to be used. The two additional budgets have a spending period for 2024,” said Mr. Danucha.

As for the budget for 2025, it is ready for use. We have to see what effect it has. Another part of that project is Preparing different systems, which must be seen as they are currently being implemented And at the policy level, we must consider again how important it will be. Including listening to the views of different sectors.