He Government of Thailand will allow officials get paid fortnightly Starting in January 2024, one of the measures promoted by the current executive to stimulate the country’s economy. The measure, published this Tuesday by the Royal Gazette, comes into effect from January 1when officials will be able to choose between collecting their salary divided into two parts every fifteen days or continuing with the current monthly model.
The change, which has been faced several criticisms by a sector of public employees, is endorsed by the prime minister, Srettha Thavisinlike a way to improve liquidity between civil servants and a way to help them manage their salaries. Thailand has around 3.1 million public workers, where teachers, police and members of the Army make up the majority.
Many of these officials, especially educators, have a precarious economy due to the interest they pay when paying their debts. Some detractors of this measure claim that the biweekly system will add a burden that is difficult to bear for different departments, while others indicate that instead of helping to reduce debts it may have the opposite effect.
Since taking power in August, the Government led by Srettha has focused on approving several measures to boost the Thai economy and attract foreign investors. Among others, the Government, which is studying a increase in the daily minimum wageplans to deliver starting in May a digital wallet with 10,000 bat (almost 280 dollars or more than 260 euros) to each of the estimated 50 million Thais who meet the requirements to qualify for this measure.
Among the main concerns of the current Executive is the high family debtestimated at 16,000 trillion bats (more than 457,000 million dollars or almost 418 million euros) or 90% of its annual Gross Domestic Product.
Source: Lasexta

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