BANGKOK, Thailand – A recent survey conducted by Suan Dusit Poll revealed growing skepticism among Thai citizens regarding the government’s ability to address economic challenges, particularly the cost of living and household debt, November 25. Despite efforts led by the Pheu Thai Party, including cash handouts, public confidence in the effectiveness of these measures remains low.
Key Findings from the Survey:
– Concerns About Public Debt: 54.80% of respondents are worried that the government’s economic stimulus measures may increase the national debt.
– Desire for Lower Living Costs: 60.98% want the government to prioritize reducing living expenses and controlling prices.
– Doubt Over Cash Handouts: While the first phase of the 10,000-baht handout provided some temporary relief, only 43.44% believe the second phase will significantly stimulate the economy.
Economic Challenges Persist
Dr. Ngampravan Aesamnuak, a law and political science lecturer, highlighted that the survey reflects citizens’ mixed views. While some trust the government’s overall direction, many remain concerned about short-term policies and financial stability. The cost of living and stagnant economic recovery were cited as critical issues requiring urgent attention.
The government, under Prime Minister Paetongtarn Shinawatra, has implemented several initiatives to drive short- and long-term economic growth. However, results have yet to materialize, leaving the public uncertain about the potential impact of the upcoming second phase of cash handouts, which will reportedly target senior citizens aged 60 and above.
Criticism of Populist Policies
Opposition voices and economic experts have criticized the handout programs as short-sighted populist policies. The first phase, originally intended as a digital currency distribution, was revised into direct cash transfers, which many argue failed to meet its intended goals. Market vendors reported no significant increase in consumer spending, reflecting lackluster results.
The government’s struggles to address key campaign promises, such as raising minimum wages and controlling household debt, have further fueled dissatisfaction. Critics claim that Pheu Thai’s reputation as an “economic expert” is at risk due to a lack of tangible progress.
Future Uncertain
As Thailand grapples with high household debt and stagnant wages, public skepticism poses a significant challenge for the government. With limited fiscal space and growing doubts over economic recovery, the question remains: can the government deliver on its promises to ease the nation’s economic burdens?
