New thai PM will put country in debt

[syed putra]

Thai govt plans handouts, fuel prices cuts to revive economy-draft policy speech​

Thailand's Prime Minister Srettha Thavisin is also finance minister and will announce incentives to boost the economy. — Reuters pic
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Wednesday, 06 Sep 2023 5:49 PM MYT
BANGKOK, Sept 6 —Thailand’s new government plans to give each citizen a 10,000 baht (RM1,316) handout, delay debt payments and lower energy prices in a bid to ease the cost of living and boost the economy, according to a draft of a policy speech Prime Minister Srettha Thavisin is due to give in parliament next week.

 

[winnipegjets]

He is a true billionaire, not one that inflated his net worth. I have faith in him. He is essentially continuing the Thanksin doctrine.

 

[eatshitndie]

10k baht is like having dinner for 2 at palo alto. it will definitely boost small businesses and food vendors’ earnings. for a week or 6.9 days.

 

[syed putra]

10k baht is like having dinner for 2 at palo alto. it will definitely boost small businesses and food vendors’ earnings. for a week or 6.9 days.

Burgers cost that much? No wonder there are so many homeless.

 

[red amoeba]

He is another thugsin using office to fatten his private business. He will be ok as long as he keep the king happy with payoffs.

 

[Peter Ahmad Muniandy Wong]

10k baht is like having dinner for 2 at palo alto. it will definitely boost small businesses and food vendors’ earnings. for a week or 6.9 days.

I heard Castro Street can get free sausage.

 

[Reddog]

Anything is better than nothing.

 

[LaoHongBiscuit]

i am.not an economist
but my simple thinking is like this. if things are already expensive, if govt give money then demand increases more, things will become even more expensive and spiral up and up. shouldn't it be increasing supply to flatten prices instead of measures that will increase demand? as i said,i am no economist. i am only a simple person, so maybe my simple brain cannot understand. sorry

 

[Peter Ahmad Muniandy Wong]

Successful male prostitute agency in Bangkok has motto: "More bang for your cock"

 

[eatshitndie]

I heard Castro Street can get free sausage.

fed thru’ the rear orifice though.

 

[hairylee]

Hope he is not another Zionist proxy like thugsin putting the country under their debt trap.

 

[congo9]

Things are expsnsive but your pay increased must match whatever which is lacking.
Vice versa, if the wage growth can't match the cost of living. You need to make your cost ofliving grow slower.

If not there no point ...

 

[k1976]

No worries, Siam got 240tons of gold mah

 

[k1976]

Like that LP Toh Jumbo2 Pidta will cheong pass USD5k? Good investment opportunity lai De woh

 

[congo9]

debt fuel growth is ok.
But just don binge on debts to build useless infrastructure. Like china. China is a glorious nation but Xi is running the country onto the ground.

 

[congo9]

Your prime notion is to make your people rich.
Your commong people rich, raise theirincome level. Promote equality and make sure the poor and rich divide is always manageable.

 

[congo9]

not everyone will be rich, but the gap between rich and poor will be less obvious.