Ekniti's Economic Strategy for Investment and GDP Growth

Khaosod•Economy•16h ago

Reader Briefing

Deputy Prime Minister and Minister of Finance Ekniti Nitithanprapas unveiled an economic strategy to increase investment to 30% of GDP and target growth exceeding 3%.

•Ekniti Nitithanprapas presented the strategy at the Thailand Focus 2026: Reignite Thailand event.
•The government aims to raise the investment proportion from approximately 20% to 30% of GDP.
•Foreign Direct Investment (FDI) applications via BOI grew by 37% in the first half of the year, totaling 1.47 trillion baht.
•The strategy focuses on three global transitions: geopolitics, AI, and energy.

Overview

•Ekniti Nitithanprapas stated that the global economy is facing major changes from geopolitical supply chain restructuring, AI growth, and energy and climate transitions.
•Ekniti Nitithanprapas outlined a three-dimensional economic framework consisting of Stabilize Today, Transition Now, and Invest for Tomorrow.
•The government plans to increase investment to 30% of GDP using Public-Private Partnerships (PPP), infrastructure funds, and foreign investment attraction measures.
•FDI requests through the Board of Investment (BOI) in the first half of the year rose 37% to 1.47 trillion baht.
•The government will implement the Thailand Fast Pass mechanism to accelerate strategic investment projects and remove obstacles.
•The TISA project is being promoted to encourage citizens to move savings into long-term capital market investments.
•The government is supporting businesses through the BOI to IPO and JUMP+ projects to enhance productivity and competitiveness.
•Ekniti Nitithanprapas emphasized that success will be measured by the creation of new capabilities in R&D, technology, SME integration into global supply chains, and labor skill upgrades.

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Key Entities

Person

Ekniti Nitithanprapas(เอกนิติ นิติทัณฑ์ประภาศ)ℹ️

Deputy Prime Minister and Minister of Finance who presented the economic strategy at Thailand Focus 2026.

Organization

Ministry of Finance(กระทรวงการคลัง)ℹ️

The ministry headed by Ekniti Nitithanprapas.

Board of Investment(BOI)

The agency through which foreign investment promotion requests are submitted.

Policy

Thailand Fast Pass

A mechanism to accelerate investment processes and resolve obstacles for strategic investment projects.

TISA

A personal savings account project designed to incentivize long-term investment in the capital market.

BOI to IPO

A project helping New Economy businesses access funding sources.

JUMP+ℹ️

A project to upgrade productivity, innovation, and competitiveness for existing listed companies.