Pheu Thai-Led Govt Alleged Of Pushing Mutually Contradictory Populist Campaigns

[webfact]

 

THE PHEU THAI-LED GOVERNMENT is putting forward mutually contradictory populist campaigns which will immensely increase public debt and compromise their financial and treasury disciplines, said an opposition MP yesterday (Nov.30).

 

Move Forward MP Nattapong Ruangpanyawudhi said the Pheu Thai-led coalition government plans to borrow a sum of 500 billion baht in loan to finance their digital wallet project which, he said, will most certainly raise public debt, reportedly currently amounting to 90% of the country’s GDP, only to meet their populist handout campaign launched alongside a nationwide electoral campaign earlier this year.

 

In the meantime, Prime Minister Srettha Thavisin has declared an all-out war against loan sharks and vowed to salvage the people who may currently owe debt to them, saying the authorities will see to it that they no longer get themselves in illicit debt.

 

Whilst remarking that the people who are owing a combined sum of no less than 50 billion baht in informal, illicit debt to loan sharks nationwide will be completely salvaged and become debt-free, the prime minister has been evidently pushing for a contentious debt-raising populist campaign, the Move Forward MP said.

 

By Thai Newsroom Reporters

Representative images of two financial populist campaigns. Top photo: Thai Rath

 

Full story: THAI NEWSROOM 2023-12-01

 

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[hotchilli]

4 hours ago, webfact said:

In the meantime, Prime Minister Srettha Thavisin has declared an all-out war against loan sharks and vowed to salvage the people who may currently owe debt to them, saying the authorities will see to it that they no longer get themselves in illicit debt.

Fat chance.... if the people cannot satisfy the banks requirements ref guarantors or property then they won't get a loan, thus back to the sharks as before.