The government has warned against political parties' populist policies requiring substantial sums of money, saying that after other essential expenses are deducted, the budget for the 2024 fiscal year will have only 220 billion baht left for spending on such policies.
The Thai Chamber of Commerce and the private sector are calling on political parties to deliver on 10 key economic proposals to drive the country's economic development.
There is something odd about Thailand's upcoming election. By all indications, it is slated to take place on May 7. Prime Minister Prayut Chan-o-cha has announced that he will soon dissolve the Lower House to set the poll in motion. But no such dissolution has yet been announced, while the end of parliament's four-year term falls on March 23. The ambiguous election-setting scene is portentous and telling for several reasons.