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Reuters
Reuters
Business

Factbox-Election promises of Thailand's major parties

FILE PHOTO: People line up for their early vote for the upcoming Thai general election at a polling station in Bangkok, Thailand, May 7, 2023. REUTERS/Athit Perawongmetha

Thailand's main political parties have differing ideologies and support bases but are proposing many similar policies ahead of a May 14 general election, focusing on winning over the rural poor and millions shackled by household debt.

Below are some of their pledges.

PHEU THAI PARTY

- Target economic growth of 5% each year.

- Offer 10,000 baht ($295) handouts via digital wallets for those aged 16 and over to spend in their communities, a scheme worth 560 billion baht ($16.55 billion).

- Raise daily minimum wages to 600 baht (from an average of 337 baht) and minimum monthly salaries for university graduates to 25,000 baht by 2027.

- Help every family earn at least 20,000 baht per month.

- Triple average income of farmers to 30,000 baht per rai (0.16 hectare) per year by 2027.

- Three-year debt moratorium on capital and interest for farmers and one-year debt moratorium for smaller businesses hit by COVID-19, plus debt restructuring.

- Upgrade universal healthcare programme.

- Welfare package for the elderly, worth 300 billion baht.

- Train 20 million high-skilled workers and create 20 million jobs.

- Reduce urban rail fares, energy, electricity and gas costs, support clean and alternative energy.

- One tablet computer per student and per teacher with free internet.

MOVE FORWARD PARTY

- Raise daily minimum wage to 450 baht, with yearly revisions.

- Increase monthly allowance for elderly to 3,000 baht by 2027.

- Reduce electricity costs, renegotiate power purchasing contracts with concessionaires.

- Debt relief for elderly farmers who can pay half of their debt, with the government paying the rest.

- Fixed bus and urban rail fares.

- Subsidise housing loans and rent payments for limited groups.

- 10,000 baht funeral grant.

- Fee internet of 1 GB per month.

- Legalise casinos and online betting run by the state.

- New constitution law, reform armed forces.

UNITED THAI NATION PARTY

- Increase monthly grants via state welfare cards to 1,000 baht per person and offer emergency loans of up to 10,000 baht.

- Monthly allowance for elderly of 1,000 baht.

- Reduce electricity bills for low-income earners and farmers.

- Emergency fund of 30 billion baht ($886.26 million) for vulnerable groups.

- Subsidies for domestic travel, co-payment scheme to buy goods or services.

- Allow borrowers to repay some state loans, such as student loans, by working for the public sector.

- Crop harvesting subsidy.

PALANG PRACHARAT PARTY

- Offer 30,000 baht to 7.5 million farming households for cultivation, 2,000 baht per rai for rice harvesting and cheaper fertiliser.

- Increase monthly grants for state welfare card holders to 700 baht per person from 300 baht and free life insurance.

- Raise monthly allowance for people aged 60 and over to 3,000-5,000 baht, from 600-1,000 baht.

- Reduce price of petrol, diesel and cooking gas.

- Lower electricity bills.

- Set up 300 billion baht ($8.86 billion) state fund to tackle debt and support economy.

- Free education to university level, tax exemption for those earning less than 500,000 baht per year.

- Develop infrastructure in the northeast, including rail projects, industrial estates and land ports.

- Offer monthly grants of 10,000 baht for pregnant women and 3,000 baht per month for raising children until they are six years old.

BHUMJAITHAI PARTY

- Three-year debt moratorium on principal and interest for loans up to one million baht.

- 50,000 baht emergency loan each for persons aged 20 years and above.

- Life insurance fund for peopled aged 60 and above with a 100,000 baht payout in case of death.

- Solar panel projects for households to reduce electricity bills and cheap electric motorcycles at 6,000 baht with 60-month instalments.

- One-day pass for urban public transport fares.

- Use of cannabis for medical treatment, health and economy.

- 100 million baht tourism fund for each province.

- Interest-free student loans, without collateral.

- Contract farming on crop prices, payments and insurance.

- Free cancer treatment machines in every province and dialysis centres in every district.

DEMOCRAT PARTY

- Set up 2 million baht village and urban community banks nationwide, with estimated cost of 160 billion baht.

- Free education to university level.

- Introduce mandatory savings policy, extend retirement age from 60.

- Income guarantees for farmers worth 70 billion baht.

- One-day fixed price for urban rail travel.

- Offer farmers 30,000 baht per household.

- Give 1 million land deeds within four years to help farmers.

(Compiled by Orathai Sriring, Satawasin Staporncharnchai and Pasit Kongkunakornkul; Editing by Martin Petty, Robert Birsel)

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