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May 31 4 tweets 2 min read Twitter logo Read on Twitter
Caretaker PM Prayut stated today that his government has already paid off more than Bt2.6 trillion of debt since he assumed power through a coup in 2014.

However, his government has accumulated more than Bt5.3 trillion of debt during the same period.

#Thailand #ประยุทธ์ Image
In 2014, the public debt stood at Bt5.53 trillion, whereas it has now reached Bt10.89 trillion or 61.3% of the GDP as of April 30.

Prayut emphasized that the current debt level remains below the 70% ceiling.

#หนี้สาธารณะ Image
However, it was his government that raised the ceiling from 60% to 70% in order to facilitate additional borrowing during the Covid pandemic.

According to Prayut, the debt was incurred due to various factors, including:
- Debt inherited from the previous government under the Yingluck administration
- Investments in both soft and hard infrastructures, which account for 75% of the total debt.
- An emergency loan of 1.5 trillion baht taken during the pandemic

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More from @ThaiEnquirer

May 31
Pheu Thai leader Chonlanan Srikaew said the party has yet to discuss any possible positions in the government.

His comments came in response to news reports suggesting that he is one of the party's candidates for the House Speaker position.

#Thailand #เพื่อไทย #ประธานสภา Image
The other two names reported in the news were former deputy prime minister Chaturon Chaisang and former House deputy speaker Suchart Tancharoen.
In response to caretaker deputy PM Wissanu's comment that if MFP leader Pita was disqualified, there could be a new election, Chonlanarn said that might not be the case all the time, citing his previous personal experiences.
Read 5 tweets
May 31
If we are to suspend any enforcement of the charter, the suspension of the senator's power to vote for PM should be considered first, Thai Sang Thai PM candidate Sita Divari said.

"If we do that, we will achieve a government of the people"

#Thailand #รัฐบาลแห่งประชาชน Image
His remarks were made in response to Senator Jadet Insawang's suggestion to set aside the enforcement of certain "problematic laws" in the charter in order to establish a "national government" that excludes opposition.

#รัฐบาลแห่งชาติ
Yesterday, Varawut Silpa-archa, the leader of Chart Thai Pattana, stated that the meeting between Pheu Thai PM candidate Srettha Thavisin and Bhumjaithai leader Anutin Charnvirakul at a football match abroad could be viewed as the formation of a national government.
Read 5 tweets
May 31
Move Forward Party leader Pita Limjaroenrat said after the meeting between the party's economic team & representatives from The Thai Chamber of Commerce that the party will persist in advocating for an increase in the daily minimum wage to Bt450 per day.

#Thailand #ค่าแรงขั้นต่ำ Image
In addition to the discussion regarding the daily minimum wage, Pita mentioned that they also covered the following topics:

- Corruption
- The redevelopment of the Eastern Economic Corridor
- The Bio-Circular-Green Economy (BCG) model
Border trade
- The development of the formation of the MFP-led coalition government
- The exports situation
- The inflation level

Sanan Angubolkul, TCC Chairman, expressed satisfaction with the meeting, describing it as "fruitful."
Read 15 tweets
May 31
National Police Chief Pol Gen Damrongsak Kittiprapas admitted that police bribery rings, specifically involving truckers attempting to evade regulations, have been in existence for a considerable period.

#Thailand Image
He stated that he has instructed the Office of Inspector General (OIG) to initiate a fresh investigation into these bribery rings.

Furthermore, he has directed the OIG to expand the scope of their investigation to include all individuals involved, without any exceptions.
He said Major General Ekkarat Limsangkat, the commander of the Highway Police Division, was reassigned to an inactive position within the Central Investigation Bureau to facilitate the internal affairs police in conducting their investigation without any hindrances.
Read 4 tweets
May 31
The Bank of Thailand's Monetary Policy Committee unanimously voted to raise the policy interest rate by 25 basis points from 1.75% to 2%, in line with market expectations.

#Thailand #กนง #ดอกเบี้ย Image
The MPC said the Thai economy is expected to continue expanding, driven mainly by tourism and private consumption. It also anticipates a gradual recovery in exports.

According to the commerce ministry, exports decreased by 5.2% YoY to $92 billion for the first 4 months of 2023.
The MPC noted that headline inflation has slowed down, but core inflation remains elevated.

In April, headline inflation rose by 2.67% YoY, compared to March's 2.83% increase.

Core inflation, on the other hand, increased by 1.66% YoY in April, down from 1.75% YoY in March.
Read 11 tweets
May 31
Caretaker Deputy PM, Wissanu, said if Move Forward Party leader, Pita, is disqualified from office due to his media shares holding case, the previous election would be nullified, and a new election would have to be conducted.

#Thailand #วิษณุ #เลือกตั้ง66 Image
Wissanu explained that if Pita is disqualified as a member of parliament and as the prime minister, the MFP MPs who were endorsed by him as the party leader could also face disqualification.

In such a scenario, there would have to be a new election, he said.
However, Wissanu clarified that this is just one possibility, and he is not aware of all the details of the petitions filed against Pita.

Three petitions have accused Pita of holding 42,000 iTV shares while in office, which is in violation of the charter.
Read 4 tweets

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