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Catch Up! Economic Policies to Boost SME and Startup Growth?
In the final stages of the fiercely competitive election campaign, most major parties are highlighting economic policies aimed at boosting the growth of Thai businesses—large, medium, and small, including SMEs and startups.
In addition, numerous giveaway and promotional campaigns are also intensifying. However, we must carefully analyze how these populist parties will manage their funds, their source, and their long-term impact on the public.
Currently, Thailand is facing a surge in NPLs (non-performing loans). Strong fiscal discipline is crucial; otherwise, we risk falling back into the bubble crisis and entering the IMF system again.
Variously, Thai household incomes are declining, not increasing, contrary to the rising cost of living.
This is especially true for families with children, teenagers in school, and elderly individuals requiring family care. Daily expenses are inevitably doubling.
Even though some families try to find supplementary jobs, save money, and live frugally, life in this era is incredibly difficult.
Therefore, most political parties selling economic policies aimed at improving the lives of Thai people and promoting business growth at all levels must have tangible policies, not just empty promises.
The foundation of policies must be based on reality and real figures. When the government has to pay to support citizens and businesses, it must also be adept at generating revenue to sustain the country.
It's time for Thai people to exercise their rights and choose a leader who champions professional economic policies and truly manages for the nation. Only then can Thai people overcome various crises sustainably...
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