Thailand's Bold Economic Revival: PM Paetongtarn Shinawatra's Strategic Blueprint

Thailand's Prime Minister, Paetongtarn Shinawatra, is set to present her government's policy proposal to parliament, featuring a $13.4 billion handout plan aimed at boosting economic growth. The policies continue the agenda of the Pheu Thai party, focusing on debt restructuring and legalizing casinos among other initiatives.

Thailand's Prime Minister, Paetongtarn Shinawatra, will deliver a significant policy proposal to parliament on Thursday, with a central focus on distributing 450 billion baht ($13.4 billion) in handouts to stimulate economic growth.

Paetongtarn's administration, officially sworn in earlier this month, aims to advance the populist agenda of the Pheu Thai party. Notable plans include debt restructuring and the legalization of casinos to attract investment and boost tourism.

Her government is prepared to detail its key initiative, a 'digital wallet' handout of 10,000 baht ($300) to 50 million citizens, partially making these distributions in cash. While the policy faces criticism for its fiscal risks, the government defends its necessity to invigorate Thailand's economy, which is forecasted to grow by 2.6% this year.

(With inputs from agencies.)