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NESDB to design 2-year strategic plan to cope with COVID-19 pandemic fallout

NESDB to design 2-year strategic plan to cope with COVID-19 pandemic fallout

14 Sept 08:38 Key points summarised by AI
  • Thailand’s NESDB is developing a two-year strategic plan to address the COVID-19 pandemic's fallout, prioritizing job creation, income distribution, support for vulnerable groups, and establishing a new economic structure, while gathering public opinions and integrating expert advice.
  • Opposition MPs heavily criticized the government for economic mismanagement, a budget that fails to respond to national challenges, and inefficient revenue collection, leading to significant financial shortfalls.
  • Kao Klai party leader Pita Limjaroenrat pointed out that the budget structure does not reflect the country's crises, with static ministerial allocations and government salaries increasing disproportionately, accounting for 25% of the total budget.
  • Pheu Thai MP Cholnan Srikaew proposed an 8% budget cut, citing an anticipated 8% economic contraction and the government's likely failure to meet its revenue collection targets, warning of potential government bankruptcy from continuous borrowing.
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