New Thai PM Paetongtarn Shinawatra Tackles Economic Challenges in First Parliamentary Speech

Paetongtarn outlines plans to address high household debt, rising costs, and economic reforms amid calls for detailed execution strategies.

Paetongtarn Shinawatra, Thailand’s youngest and second female prime minister, pledges to address economic issues including high household debt and the rising cost of living.
Her administration plans to legalize and tax the informal economy, including casinos, to generate new revenue streams.
Economists criticize the lack of detailed implementation timelines in her reform blueprint, stressing the need for clear execution strategies.
A scaled-down stimulus package will prioritize vulnerable low-income groups, diverging from her predecessor's broader cash handout plan.
Paetongtarn aims to ensure political stability and long-term economic growth by protecting small businesses and reforming the military and bureaucratic systems.