ID :
192667
Mon, 07/04/2011 - 09:27
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Shortlink :
http://m.oananews.org//node/192667
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Majority-elected Pheu Thai Party to go ahead with campaigned policies
BANGKOK, July 4 (TNA) - The Pheu Thai Party announced on Monday that it will definitely go ahead with policies promised during its recent electoral campaigns once taking office as the new Thai government, after unofficial results of the vote count following Sunday's general election have shown that the party, aligned with exiled ex-premier Thaksin Shinawatra, has swept the majority seats of the Thai House of Representatives.
Suchart Thadathamrongvej, former Thai finance minister, who is now a member of the Pheu Thai Party's economic team, said that his party will immediately implement several policies promised to the Thai public, including the rice mortgage scheme for local farmers, replacing the income guarantee program of the outgoing Democrat Party-led coalition government.
Suchart acknowledged that some of his party's campaigned policies, namely a minimum wage hike to 300 baht per day and a cut in corporate tax to 23 per cent per annum, from 30 per cent currently, will likely take effect over the next six months and next year respectively due to legal procedures.
Suchart dismissed concerns voiced by academics that his party's policies will be heavily shouldered by the state budget, ensuring the public, instead, that his Pheu Thai administration will not rely on foreign loans, but its policies will automatically reduce corporate costs, boost production and investment of the local private sector and spur domestic consumption through increased wages.
The Pheu Thai economic team's member noted that his party's prime minister-elected Yingluck Shinawatra, a leading and experienced Thai business woman-turned politician, will head the newly-elected government's economic team herself.
Meanwhile, updated-unofficial results of the vote count have shown the Pheu Thai Party won 265 seats in the Thai House, followed by 159 seats and 34 seats of the Democrat Party and the Bhum Jai Thai Party respectively. (TNA)
Suchart Thadathamrongvej, former Thai finance minister, who is now a member of the Pheu Thai Party's economic team, said that his party will immediately implement several policies promised to the Thai public, including the rice mortgage scheme for local farmers, replacing the income guarantee program of the outgoing Democrat Party-led coalition government.
Suchart acknowledged that some of his party's campaigned policies, namely a minimum wage hike to 300 baht per day and a cut in corporate tax to 23 per cent per annum, from 30 per cent currently, will likely take effect over the next six months and next year respectively due to legal procedures.
Suchart dismissed concerns voiced by academics that his party's policies will be heavily shouldered by the state budget, ensuring the public, instead, that his Pheu Thai administration will not rely on foreign loans, but its policies will automatically reduce corporate costs, boost production and investment of the local private sector and spur domestic consumption through increased wages.
The Pheu Thai economic team's member noted that his party's prime minister-elected Yingluck Shinawatra, a leading and experienced Thai business woman-turned politician, will head the newly-elected government's economic team herself.
Meanwhile, updated-unofficial results of the vote count have shown the Pheu Thai Party won 265 seats in the Thai House, followed by 159 seats and 34 seats of the Democrat Party and the Bhum Jai Thai Party respectively. (TNA)
