Thailand’s Deputy Prime Minister and Finance Minister Pichai Chunhavajira on Wednesday addressed the meeting of the Economic Stimulus Policy Committee, chaired by Prime Minister Paetongtarn Shinawatra. He confirmed that efforts are underway to gather information for a comprehensive review of all economic stimulus measures.
Pichai noted that the recent increase in import tariffs from the U.S. is affecting many countries, including Thailand, necessitating an evaluation of which measures should proceed and which should be postponed.
Additionally, the minister also announced plans to consult with the Export-Import Bank of Thailand (EXIM Bank) on Thursday. The discussions aim to develop policies that support exporters, especially those impacted by the tariffs. Pichai emphasized that, unlike past measures, the approach will not uniformly cover all business sectors.
Regarding the third phase of the 10,000-baht digital wallet distribution for individuals aged 16-20, Pichai stated that the decision on whether to continue with the program remains under review, mentioning the need for reconsideration.
When questioned about the use of the 2026 budget and the necessity for it to enter the first parliamentary session, Pichai refrained from a direct response. He mentioned that adjustments could be made within the 2025 fiscal budget if possible, and additional considerations for the 2026 budget could be addressed in Parliament.
Following these developments, the Finance minister stressed the necessity for Thailand to develop strong medium- and long-term plans, with careful consideration needed for decisions regarding budget spending, borrowing, and direct disbursement.
