Srettha revives economic ministers’ meetings to brainstorm growth ideas


As part of his focus on reviving Thailand’s economy, Prime Minister Srettha Thavisin is restoring the practice of the council of economic ministers holding meetings, with the first one scheduled for May 27.

Government spokesman Chai Wacharonke said on Wednesday that Srettha was bringing back the system of holding meetings of the council of economic ministers ahead of the weekly Cabinet meeting with the immediate goal of reviving the economy.
Srettha has asked the economic ministers to meet at 4pm on Monday after the Office of National Economic and Social Development Council lowered this year’s growth prediction to 2.5%, Chai said.
The spokesman said Srettha would order ministers of economic ministries and representatives of other concerned government agencies to brainstorm measures to boost growth at the May 27 meeting.

The ministers would discuss stimulus measures, budget disbursement and international law related to the economy, the spokesman added.
The spokesman quoted Srettha as saying that the 500-billion-baht digital wallet scheme would still be one of key stimulus measures of the government. He said the handouts of 10,000 baht would happen either in the third or the fourth quarter.
He said Srettha aimed to use the digital wallet scheme to generate an economic storm that would lift the country to higher growth.