Bangkok:The Ministry of Finance has announced a comprehensive plan titled "MOF Transformation Transforming the Country with STI, Transforming the Finance Ministry for DEE" aimed at fostering inclusive economic growth in Thailand and enhancing the competitiveness of small and medium-sized enterprises (SMEs).
According to Thai News Agency, the plan was unveiled by Dr. Ekniti Nitithanprapas, Deputy Prime Minister and Minister of Finance, along with key figures such as Dr. Santithar Sathienthai, Assistant Minister of Finance, and Mr. Lavaron Saengsnit, Permanent Secretary of the Ministry of Finance. The initiative is designed to drive the economy through Skills, Integrities, and Technology (STI) while adapting the ministry's operations to the Disclosure, Easy, and Efficiency (DEE) principles. This strategic move aims to prepare the Thai economy for future challenges, boost economic growth beyond 3.0 percent annually, increase investments to 30 percent of GDP, and elevate Thailand's global competitiveness ranking to the top 20.
The "MOF Transformation Plan" emphasizes three pillars Stabilize Today, Transition Now, and Invest for Tomorrow, each focusing on different aspects of economic and societal development. Key projects under these pillars include initiatives like "Thai Helps Thai Plus," solar power policies, excise tax restructuring for electric vehicles, and various reforms aimed at improving government efficiency and transparency.
The plan outlines several quick-win projects expected to be implemented or completed within three to six months. These include the Ari Score project for fiscal analysis, improvements in corporate income tax benefits for SMEs, clean energy projects, and restructuring the excise tax on automobiles. Additionally, initiatives to enhance government transparency and efficiency, such as the development of a central data exchange management center, are also part of the plan.
Overall, the Ministry of Finance's transformation plan seeks to strengthen Thailand's economic framework, provide opportunities for SMEs to thrive, and ensure fiscal stability in a rapidly evolving global landscape.