Ekniti Considers Thai Chuay Thai Plus Phase 2 and Formula Changes

Thansettakij•Economy•18d ago

Reader Briefing

Deputy Prime Minister Ekniti Nitithanpraphas confirms the Ministry of Finance is considering the second phase of the Thai Chuay Thai Plus project.

•Ekniti Nitithanpraphas is reviewing the proposal for Thai Chuay Thai Plus Phase 2 as assigned by Prime Minister Anutin Charnvirakul.
•The Thai Chuay Thai Plus project has generated approximately 100 billion baht in economic circulation.
•The Ministry of Finance is considering adjusting the cost-sharing formula from 60:40 back to the 50:50 model used in the original Khon La Khrueng project.
•The Thai Thiao Thai Plus project is being discussed with the Ministry of Tourism and Sports to help small entrepreneurs.

Overview

•Ekniti Nitithanpraphas confirmed that the Ministry of Finance has sufficient budget to support the next phase of the Thai Chuay Thai Plus project.
•The Thai Chuay Thai Plus project saw 84-85% of spending distributed to provinces, while 15-16% was spent in Bangkok.
•The Ministry of Finance implemented an AI system called 'Nok Krasip' to help merchants create accurate income-expense accounts for Government Savings Bank loan applications.
•The 'Nok Krasip' AI system aims to bring small merchants into the financial system and reduce informal debt.
•Some citizens reported that the 60:40 co-payment ratio in Thai Chuay Thai Plus is more difficult to calculate than the 50:50 ratio of the original Khon La Khrueng project.
•Ekniti Nitithanpraphas assigned the Permanent Secretary of the Ministry of Finance to check the technical readiness of the Pao Tang application for the Thai Thiao Thai Plus project.
•The Ministry of Tourism and Sports must summarize the list of actual small-scale target groups for the Thai Thiao Thai Plus project.
•The Thai Thiao Thai Plus project is expected to show concrete results within 1 month.

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Source: Thansettakij (Original)

Key Quotes

Ekniti Nitithanpraphas

"We were surprised; one comment said 60:40 is hard to calculate. I must say our purpose is to alleviate the cost of living, but people find it hard to calculate and want to return to Khon La Khrueng instead."

เราก็แปลกใจ มีคอมเมนต์นึงบอกว่า 60:40 คิดยาก ต้องบอกว่าจุดประสงค์ของเราออกมาเพื่อบรรเทาภาระค่าครองชีพ ซึ่งประชาชนคำนวณยาก อยากขอกลับไปใช้คนละครึ่งแทน

Ekniti Nitithanpraphas

"Initially, the possibility of bringing back the 'Pao Tang' application in a form similar to the 'Rao Thiao Duay Kan' project is being considered for the convenience of the people and entrepreneurs."

เบื้องต้น มีการพิจารณาความเป็นไปได้ในการนำแอปพลิเคชัน "เป๋าตัง" กลับมาใช้ในรูปแบบที่คล้ายกับโครงการ "เราเที่ยวด้วยกัน" เพื่อความสะดวกของประชาชนและผู้ประกอบการ

Key Entities

Person

Ekniti Nitithanpraphas(เอกนิติ นิติทัณฑ์ประภาศ)

Deputy Prime Minister and Minister of Finance.

Anutin Charnvirakul(อนุทิน ชาญวีรกูล)ℹ️

Prime Minister who assigned Ekniti Nitithanpraphas to consider the second phase of Thai Chuay Thai Plus.

Organization

Ministry of Finance(กระทรวงการคลัง)ℹ️

The ministry responsible for considering the Thai Chuay Thai Plus project and managing the budget.

Ministry of Tourism and Sports(กระทรวงการท่องเที่ยวและกีฬา)ℹ️

The ministry collaborating with the Ministry of Finance to determine the criteria for Thai Thiao Thai Plus.

Government Savings Bank(ธนาคารออมสิน)

The bank where merchants use AI-supported accounts as evidence for loan applications.

Policy

Thai Chuay Thai Plus(ไทยช่วยไทยพลัส)

A project intended to reduce spending burdens and stimulate economic circulation.

Khon La Khrueng(คนละครึ่ง)

A previous project using a 50:50 co-payment formula.

Thai Thiao Thai Plus(ไทยเที่ยวไทยพลัส)

A project aiming to remedy and assist small-scale entrepreneurs.

Rao Thiao Duay Kan(เราเที่ยวด้วยกัน)

A previous project whose application format is being considered for use in Thai Thiao Thai Plus.

Place

Bangkok(กรุงเทพฯ)ℹ️

The city where approximately 15-16% of the Thai Chuay Thai Plus spending occurred.