Bangkok: The Prime Minister led a crucial meeting with the Economic Stimulus Project Policy Committee, addressing concerns over anticipated shortfalls in tax collections and the need to revise economic stimulus plans. At 3:15 p.m., Ms. Paethongtarn Shinawatra, Prime Minister, chaired this significant gathering, which included notable figures such as Mr. Phumtham Vejjayachai, Deputy Prime Minister and Minister of Defense, and Mr. Pichai Chunhavajira, Deputy Prime Minister and Minister of Finance. Other key attendees were Mr. Anutin Charn Virakul, Deputy Prime Minister and Minister of Interior, and Mr. Prasert Chantarawongthong, Deputy Prime Minister and Minister of Digital Economy and Society, among others.
According to Thai News Agency, the Prime Minister highlighted the volatility in the global economic landscape, influenced by retaliatory tariff policies from major powers. This situation has compelled countries worldwide to reassess their strategies. She noted the feedback received during international visits and emphasized collaboration within ASEAN to address these challenges. The economic impact has been particularly pronounced in Thailand's export sector and other industries reliant on foreign markets. Consequently, the government anticipates a shortfall in tax revenue, necessitating a review and adjustment of economic strategies. Emphasis was placed on fostering long-term economic growth and strengthening the grassroots economy, particularly small and medium-sized enterprises (SMEs).
The Prime Minister further stressed the importance of today's meeting as a platform to devise a robust economic plan aligned with current realities. She urged all participants to collaborate effectively in crafting initiatives that maximize economic benefits while adhering to legal frameworks. The Prime Minister expressed gratitude to all attendees for their commitment to these crucial economic deliberations.