Mr. Settha Thavisin, Prime Minister and Minister of Finance, together with the delegation, opened a press conference at Government House. Regarding the guidelines for resolving debt problems in the system, he said that debt problems are a chronic problem that has existed in Thai society for a long time. Solving debt problems in the system and outside the system Therefore it is a national agenda. and request that relevant agencies work together to solve all debts within this government.
“I’m not saying debt is evil. The world has good debt. Debt used for purchases or business operations without exceeding one’s ability Debt that creates economic turnover adds money to the system. Having good debtors is therefore an important mechanism for driving the country forward. Today we cannot let debtors face their problems alone. It’s time for the government to reach out and help all debtors with problems. Let’s come back to be part of a strong economic mechanism.”
Accelerate assistance to 4 groups of debtors with problems
Mr. Settha said that the government has divided debtors and assistance guidelines into 4 groups: Group 1: Debtors affected by COVID-19. who must receive help to escape from bad debt or received a suspension of debt payment to temporarily relieve the burden Most of them have bad debt with the Government Savings Bank and the Bank for Agriculture and Agricultural Cooperatives (BAAC). Therefore, the bank has to follow up and collect the debt as appropriate and provide assistance to this group of debtors so that they do not fall into debt again. It is estimated that there are approximately 1.1 million customers. As for SME debtors State financial institutions will help through debt restructuring and debt repayment. Both natural persons and juristic persons for 1 year are expected to help debtors. has covered more than 99% of the number of debtors in bad debt in this group, approximately 100,000
For the second group are debtors with regular income. But there is more debt than can be paid, divided into 2 subgroups: civil servants, teachers, police, soldiers who have debt with financial institutions. And credit card debt will help through 3 methods: 1. Reduce interest rates so that they are not too high. Because they are a group with regular income, they are considered to be at low risk. 2. Transfer all debts to one place, such as a cooperative. To make the salary deduction and debt repayment easy and consistent with the debtor’s income. 3. Enforce the salary cut criteria so that debtors have enough salary left to live on. 3. This guideline must be done together because 900,000 teachers are facing debt problems. Some people have heavy burdens that affect their living and working. The Ministry of Education has regulations that require teachers to have at least 30% of their salary left to pay after monthly debt payments. and to other ministries There are the same criteria.
For credit card and personal loan debtors If you are in bad debt Can join the debt clinic project The Bank of Thailand (BoT) has worked with almost all credit card creditors to help improve the debt structure. By using the outstanding principal to create a new installment payment schedule for up to 10 years and reducing interest from 16-25% to only 3-5%. Recently, conditions for participating in the project have been adjusted. Make it easy and flexible, able to help debtors more comprehensively as well.
Group 3 is a group with uncertain income that makes debt repayment inconsistent, such as farmers and hire-purchase debtors. Debtors of the Student Loan Fund (SLF), where the government has a project to suspend debt payments for 1.5 million farmers, both principal and interest, for 3 years, restructuring debt for SLF debtors, including reducing interest, reducing penalties, changing the order of Debt payment Cancel the guarantor It will help more than 2.3 million students of the Student Loan Fund as well as hire purchase debtors. Office of the Consumer Protection Board Announcement has been issued to set the interest rate for hire purchase, for example in the case of leasing a new car the interest will not exceed 10% per year, motorcycle interest will not exceed 23% per year and will reduce default interest to a lower level and provide a discount if the debtor closes the account before the deadline.
Group 4: This group has bad debt outstanding with government financial institutions for a long time. The debt will be transferred to the asset management company. arising from joint ventures between state financial institutions and asset management companies To improve the debt structure of approximately 3 million debtors in this group.
Bad debt of 12 million accounts. Definitely the end of this government.
Mr. Kittirat Na Ranong, Chief Advisor to the Prime Minister As chairman of the committee overseeing the resolution of debt for small people He added that This amendment covers household debt of 16 trillion baht, accounting for 90% of gross domestic product (GDP). Currently, 5 million people have been found to have problems, accounting for 12 million accounts because one person has many accounts. As for the credit card There are 23.8 million card holders with a debt worth 540,000 million baht. There are 1.1 million credit card debts that are worrisome and need to be especially watched, representing a worrisome debt of 67,000 million baht.
Mr. Kritsada Chinawicharana, Deputy Finance Minister, said that the Ministry of Finance is preparing to propose measures to help debtors with bad debt from emergency COVID loans. By allocating a budget to compensate debtors for such debtors, it is expected that 7,000 million baht will be used, which is the budget that the previous government has already allocated. It will help this group of debtors escape from being stuck with the credit bureaus. Meanwhile, Mr. Pornchai Theerawet, Director of the Fiscal Policy Office (FPO), said the Ministry of Finance will speed up preparation of a package of assistance measures for all four groups of debtors as soon as possible. To present to the Cabinet (Cabinet) for consideration and approval within this December. For good debtors, there will also be a package as a New Year’s gift. To motivate them to continue being good debtors.
2023-12-13 00:01:00
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