New Thai Prime Minister Pledges to Tackle Household Debt Crisis as a Priority
Thailand's new Prime Minister Paetongtarn Shinawatra has made a bold commitment to addressing the nation's soaring household debt, which currently stands at $474 billion. He pointed out that this issue requires immediate action and intends to make it a priority in his political agenda.
Shinawatra, representing the 'Future Party,' held the first meeting of his cabinet, emphasizing that the high levels of debt burden are a serious problem for Thai families. He stated that a comprehensive approach is necessary to address this issue, including consultations with economic experts and representatives of civil society.
As initial steps, the Prime Minister mentioned that he will work on programs aimed at reducing the growth of debt and improving financial literacy among the population. Moreover, he highlighted the importance of creating jobs and boosting economic growth as fundamental factors to tackle this problem.
Economic analysts have also confirmed that household debt levels in Thailand remain at record highs, and reducing this debt is crucial for the stability of the country's economy. They hope that the new Prime Minister will be able to implement necessary changes and overcome this pressing issue, especially in light of global economic challenges.
The Prime Minister pledged to continuously inform the public about his actions to ensure transparency and feedback. He called for Thais to unite in finding ways to solve debt issues and move towards a sustainable economic future.
