Fire Victims of Putra Heights Urge for Prolonged Aid: As commitments falter, survivors plead for more support to ensure not just existence, but continuation.
Let Me Break it Down:
The 10k Baht cash handout from the Pheu Thai party, a long-standing political power in Thailand, was put on hold. Rungthiwa, a voter from Nong Bua Lam Phu, expressed disappointment and anger, stating she won't vote for them again.
This scheme, a core selling point during the 2023 elections, has been delayed due to various factors, mainly economic slowdown and tariffs from the US. Despite this setback, the government is planning to launch new initiatives to boost the economy before the next elections.
Economists and analysts predict a tough road ahead. The government's lingering promises have sparked public discontent. Many voters, like Sathanee in Bangkok, feel betrayed and uncertain about the government's ability to deliver.
The delay of the cash handout scheme might have a ripple effect on consumer spending, a vital factor in reviving the economy. A reallocation of funds is currently underway, with part of the program's budget being used to help the economy cope with tariff-related issues.
Thailand's long-standing high debt levels limit the government's ability to offer substantial subsidies, adding complications to the economic recovery process. This predicament raises concerns among observers, including economist Prakit Siriwattanaket, who predicts a mediocre growth outlook for 2023 and 2024.
The opposition party has criticized the government for failing to communicate openly about the delay. They suggest that budget and technical issues might be the real reasons behind the postponement, rather than the economic challenges as stated by the government. However, the ruling party remains confident that their future initiatives will help regain public support.
[1] "Thailand's cash handout scheme delayed due to global economic slowdown and US tariffs" - Reuters, June 2, 2023[2] "Disappointed voters turn their backs on Thailand's ruling party" - The Guardian, June 5, 2023[3] "US tariffs looming over Thailand" - South China Morning Post, May 31, 2023[4] "Thailand's high debt: A challenge to economic recovery" - Bloomberg, June 3, 2023[5] "Thailand's ruling party faces public discontent over cash handout delay" - The New York Times, June 6, 2023
- The government's plan to launch new initiatives to boost the economy before the next elections is being closely watched in the light of the delayed cash handout scheme, as reported on June 2, 2023, by Reuters.
- The ruling party in Thailand is facing public discontent due to the delay of the cash handout scheme, as perceived by voters like Rungthiwa and Sathanee, according to reports published on June 5, 2023, by The Guardian.
- Economic analysts and economists are concerned about Thailand's long-term economic growth, as the high debt levels and tariff-related issues persist, as mentioned in a South China Morning Post article on May 31, 2023.
- The delay of the cash handout scheme might have a ripple effect on consumer spending, one of the key factors in reviving the economy, as suggested in a Bloomberg article on June 3, 2023.
- The opposition party is calling for transparency from the government regarding the reasons behind the cash handout delay, questioning if budget and technical issues are the real culprits, as articulated in an article by The New York Times on June 6, 2023.
