Bangkok: Pichai Chunhavajira, Deputy Prime Minister and Minister of Finance, announced preparations to propose the first economic stimulus budget, coinciding with the commencement of Thai-US trade and tariff negotiations. The discussions have progressed to the official level through online platforms, with adjustments made to the initial proposal based on previously disclosed principles. An official proposal submission is anticipated within the week, and subsequent negotiations will necessitate face-to-face meetings.
According to Thai News Agency, the Economic Stimulus Policy Committee has earmarked a central budget of 157 billion baht, selecting the most ready projects for implementation. Expectations are set for approval of over 100 billion baht of this budget. The timeline mandates contract completion by the end of fiscal year 2025, with investment funds to be utilized within the fiscal year 2026 budget.
When questioned about a potential candidate for governor of the Bank of Thailand, Pichai expressed an openness to discussions with any qualified individual, emphasizing the importance of the committee's choice. He noted improved mutual understanding and closer collaboration with the Bank of Thailand.