Days after taking office, Prime Minister Paetongtarn Shinawatra expressed concerns over her predecessor's $14 billion stimulus plan, emphasizing the need for legal compliance regarding fiscal discipline and implications for Thailand's economy.
The proposed stimulus plan was intended for a wide reach, offering a digital cash handout to 50 million people, but faced criticism for potentially worsening Thailand's fiscal deficit and aggravating inflation.
Critics, including economists and former officials, have voiced alarm regarding the plan's potential impact, pointing out that the existing fiscal gap and rising inflation could complicate the implementation of the stimulus.
The recent political shake-up with Paetongtarn's ascension to the premiership highlights the Shinawatra family's ongoing influence in Thai politics, coming at a time when economic solutions are desperately needed.
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