The Pheu Thai Party has unveiled a new policy aimed at tackling four major types of debt that Thailand and its people are struggling to cope with, namely public debt, debts facing farmers, those incurred by SMEs, and non-bank debts.
The nation’s public debts have surged by 5.16 trillion baht over the past eight years under the Prayut Chan-o-cha administration, said Paopoom Rojanasakul, a party deputy secretary-general and member of the party’s economic policy committee.
As it could take up to 74 years to pay off all this substantial debt, Pheu Thai has created new policies to fast-track the country’s economic growth, he said.
To help the 90% of agricultural households that are struggling to…
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