Mr. Pichai Chunhavajira, Deputy Prime Minister and Minister of Finance, entered the ministry on the first day to proceed with debt resolution. Increasing income for the people He stated that he is ready to dialogue with the National Bank, emphasizing freedom but must satisfy the people.
Today (7 May 2024) at 1.37pm, Mr. Pichai Chunhavajira, Deputy Prime Minister and Minister of Finance. Immediately go to work at the Ministry of Finance on the first day After the cabinet meeting concluded at Government House and paid homage to the sacred objects of the Ministry of Finance, with Mr. Phaophum Rojanasakul, Mr. Chulaphan Amornvivat and the Mr. Kritsadajinawicharana Deputy Minister of Finance Unite in paying homage to sacred things and offering hospitality.
Pichai Chunhavajira, Deputy Prime Minister and Minister of Finance, revealed that what needs to be done after taking over as Finance Minister is to hurry up to solve the debt problem and hurry up to increase income for the people. Improving the economy Regarding the dialogue with the governor If the opportunity arises, the National Bank can be born immediately. Having a good understanding of the problem itself is important. I think the discussion will go well. Because everyone wants to see the country prosper.
Points that the Bank of Thailand and the Ministry of Finance can agree on. Personally I think that, looking at the National Bank, I want to see the country’s financial situation stable. But at the same time, on the other hand, I want people to have more income, but we need to see how we can accelerate the economy. When asked to go and visit the Governor The Bank of Thailand or the Ministry of Finance will be invited to “take it all”, but I personally think the Bank of Thailand building is beautiful, I might go there and talk. It’s not a strange place for me because I worked there as a director for many years… said Mr. Pichai.
Regarding the concerns raised by the Bank of Thailand to the Ministry of Finance, will there be a response to discuss it or not? Mr. Pichai said he accepts many points, but there are some that need to be clarified. For example, lower interest rates push people to spend more money. Maybe yes, if those people don’t have debt. But today people have a lot of debt, and even if the interest is low, they cannot use the money. Therefore, whatever needs to be done to free people from debt.
Confirming that the National Bank already operates independently. Every country is like this, with freedom of thought, analysis and freedom to choose the best option. But that choice must meet people’s needs, simply put. Respond to the needs of people who come to work on behalf of the people.If it’s perfect, you need to see whether independence is a win-win or not. If he went to speak, he wouldn’t just talk about interest rates… Mr. Pichai said.
Finally, the journalist asked what the governor says. Will the National Bank remain in office until the end of the year? Mr. Pichai responded that he was already asking an impossible question. Who will do what?
Mr Paophum Rojanasakul, Deputy Minister of Finance, who also came to pay homage to the sacred objects at the Ministry, confirmed that there was no conflict with the governor of the Bank of Thailand, but only a disagreement of opinions. As for missions that need to be accelerated, the work will be assigned within 1-2 days or is expected to finish today.
Regarding the digital wallet project, we will work together with other ministers because it has many aspects. Both on the system of conditions and on the issue of reducing corruption in the project presented to the Cabinet today, following the well-known concerns of several agencies, the project committee has created another committee, a group specifically charged with monitoring corruption in every aspect, with the National Police Commission chairing the committee. …..Mr. Paophum said.
The reporter asked that, when he assumed this position, he would help move the project forward. Is it easier and faster to move forward? Mr. Paophum said The whole team needs to help, not just one person. Because it’s an important thing to work together.
As for Mr. Pichai getting into position Will the Finance Minister be the link between the government and the National Bank? Mr. Paophum said this with Mr. Pichai. The Finance Minister also held talks with the Governor. The National Bank already is. As you underlined earlier, monetary and fiscal policy must proceed together. This is a duty that Mr. Pichai needs to discuss more often. so that the opinions are similar
While Deputy Finance Minister Chulaphan Amornvivat said he had reported on the progress of the digital wallet project The new Finance Minister was briefed. You have information and have always followed up on the matter.
As for going to talk to the national bank The new minister must find a way to understand the governor of the Bank of Thailand to understand each other and help drive the economy together, especially the Bank of Thailand Supervision Law, which clearly states that any implementation of monetary policy will have to take into account state policy orientations. In fact, there has been no discussion of resolving any of the issues Bank of Thailand Supervision Law…..Mr Chulphan said.
Regarding the progress of the digital wallet top-up project, a project subcommittee meeting will be held. Tomorrow (May 8, 2024) on the agenda to be completed in the details assigned last time, such as shop details. If a conclusion is reached, a statement will be released to the media.
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