Stimulus policies 'igniting economy'
The government is satisfied with the effect its economic stimulus packages are having on the lower northeastern provinces and Prime Minister Prayut Chan-o-cha wants to visit provinces more often to see the impact of his policies firsthand, government spok
Prayut visited villagers in the Don Mod Daeng district in Ubon Ratchathani last week to monitor the impact of government policies there as part of the “a state of the people” mission.
The Prayut-coined term ‘Pracha Rat’, or ‘a state of people’, relates to a serious economic policy initiative to boost the public’s potential. The PM denied the move was populism.
Sansern said the stimulus packages had boosted the economies of the lower northeastern provinces 2.5 per cent this year and that figure was expected to climb to 4.2 per cent next year.
The Bt5 million Tambon Fund and Bt1 million Village Fund helped generate more jobs and boost consumption and resulted in Bt5 billion being pumped into the economy, he said. As a result, private consumption this year was forecast to rise 5.6 per cent and 7.8 per cent next year, he said.
During the trip to inspect the impact of the stimulus packages in the lower northeast, Deputy Prime Minister Somkid Jatusripitak reportedly told his close aides that Pracha Rat had ignited the economies.
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