Government Challenge Among the factors that beset the year 2020

 

Another obstacle to solving economic problems From setting up the management center for the situation of the epidemic of coronavirus infection 2019 or the Commission in supervising the Minister According to the Emergency Decree To control COVID Considered to be the most perverted management Causing the work to be missed SHOULD have to cancel the BACC to give the ministers full power to decide In terms of politics, we strongly agree with Dr. Somkiat Tangkitvanich’s proposal. President of the Thailand Development Research Institute (TDRI) by allowing each party with different opinions step by step. To give the country a solution Even to let the new generation crowd retreat Would be difficult Must talk to each other

“Government management must change. It is a solution to political problems. Coupled with the economy And the call for the Prime Minister to resign is not an issue, but the Emergency Decree should be repealed. COVID CONTROL Because economic problems have concentrated in many sectors, especially the tourism service group, have to admit that the stimulus measures are too little. Because we rely too much on foreign countries
Should focus on each sector to cover retail, SME and bank, for example, making banks have cash flow, allow receivables only interest payments. No need to pay off the principal To prevent debt rot Over a year Expect everything to improve in the middle of next year or take 2 years should be better. The problem now is not a blow-down crisis. But a longer crisis Has a wide effect Including agricultural products, depressing prices Different from the Tom Yam Kung crisis Which is the falling of financial institutions “
Solve difficult economy, tough problems, long unfortunate karma

Solutions to the current crisis Must start from supporting and gradually issuing stimulus measures Because I have to admit that it is very difficult to solve Since the tourism income that has been to the country is 2.4 trillion baht, now only 1.2 trillion baht from Thai people traveling in Thailand. Which is half gone Also, the export sector could not expand. Because Europe and America are not resolved from the COVID crisis. Will have to face a long misfortune In the second half of the economic recovery in 2021

Even solving economic problems It’s a very difficult problem. But what must the government do to make people in society live? Both borrowing 1 trillion baht in various measures and in the next year may need to borrow another 1 trillion baht to sustain the situation. And another approach should be done like the US Forbidden to confiscate the house, both the rented house and the home purchased. Unable to pay further installments Must not cut off the power With the government to partially compensate the budget And help with food for those in need So that people do not have enough savings to live Because the government does not have enough money Should adjust to help with free feeding. Or giving coupons In this concept, the Ministry of Social Development Should play a greater role To help in welfare for people in need for a period of 1-2 years expecting a budget of a hundred million baht And if coupons are given out It should be a coupon that can be exchanged like a cash to be used for spinning in spending. Although it may increase the burden on the government sector But better than having to borrow more money Which this idea may help some But at least helping people in need is difficult

Another story about financial institutions May consider giving SMEs Can pay only interest And adjust new criteria There is no need to make a reserve as a burden to financial institutions. Or if there is a real crisis The government sector has to increase capital for financial institutions. To support bad debt of approximately 3 trillion baht, I think not all financial institutions. And overall, Thailand can solve the problem better than in 1997 from the lessons of the Tom Yam Kung crisis in the past. The National Bank will have to freeze interest rates for the next 2-3 years to restore the economy.

In addition, there should be a credit guarantee. Same as the US In order to give financial institutions the courage to lend more to SMEs There may be some guarantees, for example, a 2 million baht loan, 1 million baht guarantee, by allowing foreign insurers to come to guarantee loans. Since the Small Industry Credit Guarantee Corporation (TCG) has already guaranteed one hundred billion baht, it cannot guarantee any more.

 

“The problem here is very important. I want a good hand in finance and banking to become a government advisor. Because at this time, as far as assessing, there are unemployed people Probably a million people and expect to wait another 2 years everything will be better. Because next year GDP shrinks up to 7-8% or only 2 or 3% mature. The past did not blame the government. Until he encountered political problems to aggravate him again

Personally, in a democracy, they can see different things, but they shouldn’t destroy each other. And worried about the unsolved inequality Have to retreat many steps for each person because we have limited money Should be used to help those in need So that they survive And have to admit at this time the household debt skyrocketed No one has the money to taste and shop. Although this measure will help stimulate the economy to some extent Until someone questioned the economic team already But why is the government still working the same? Afraid that if the economy does not improve Will increase the masses to the opposite side of the government even more That is the thing to worry about “

In the future, Thailand will become an aging society. On this issue it worries even more. If the government does not take any action Because in the future, the money of the land will be used to the elderly more. Therefore, the government should be restructured to be smaller. To reduce budget costs, not to be a fiscal burden In addition, the Thai bureaucracy has lagged behind 20 years due to the identification of TDRI. Which requires structural adjustments And hired an outsourcing company to work instead Leaving only the regulator to supervise Which must begin to modify Like changing the state of the university to leave the bureaucracy In supporting himself
The middle of next year is extremely serious. Suggest a way out to stimulate consumption

Like “Dr. Yongyut Chalamwong”, director of labor development research. Thailand Development Research Institute Or TDRI Expressed concern because the situation of unemployed people in the second quarter of this year is extremely serious, with more than 7 hundred thousand people lost their jobs and the third quarter has become more severe and noticeable, with 2.5 million more unemployed. Since the entrepreneurs whose hemp lines are not long enough, they cannot continue to have to lay off employees Pay compensation And see that the Thai economy will be bad until the middle of next year Expected early next year, there may be 2-3 million people who have lost their jobs. Without saving money, saving until there is no food to eat, which the government has to hurry to subsidize Not to cause social problems to follow

 

The best approach. I’d like to propose that 5-6 million pension-earning government officials will come out to spend to stimulate the country’s economy. This is because private consumption has been disrupted. Be careful when spending Which will become deflated Because there is no additional investment Making the economy at this very difficult stage There is no engine to drive the economy from investment. Requires large-scale investment in the state In addition, the government should support OTOP products in the work. To create artificial demand Otherwise, the middle of next year will collapse very seriously.
Another suggestion to help unemployed people. And help new graduates That the government should organize training for skills development Or hiring new graduates to help collect information in the area And encouraging entrepreneurs to hire employees on an hourly basis By the Department of Labor Protection Welfare Must issue a temporary announcement to encourage daily employment. Not based on the minimum wage Which is unlikely to be against the law It was later found that 22 industries have been affected since the beginning of the year. And hardly come back to normal While some heavy industries are not enough. Including IT-related professions

Before that, an estimated 38 million people were employed and when the coronavirus outbreak occurred. Has caused nearly 8 hundred thousand people unemployed and when combined with the 2.5 million people who are unemployed. Because the company does not provide jobs without paying a salary This equates to that the entire population of the country has 37.2 million jobs, of which 19 million people work less than 4 hours each day, with an average hourly income of 40 baht per hour or with a daily income of 160 baht, which is very little.

It is also expected that many operators will close in the middle of next year. If assessed, only three hundred thousand new graduates will have only 10% of their work, and not including the new graduates who have waited another 100,000 people, totaling 4 hundred thousand people have to compete. Therefore seeing that the middle of next year will be heavier Because he cannot see the light If the government does not rush to solve the problem promptly

Cr. http://www.thairath.co.th/news/business/1962261…

Cr. Photo by Mateusz Turbiński from Pexels