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Thailand's Deputy Interior Minister Charts Course to Resolve Non-Systematic Debts

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BNN Correspondents
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Thailand's Deputy Interior Minister Charts Course to Resolve Non-Systematic Debts

On December 3, 2023, Thailand's Deputy Interior Minister, Griang Kalptinnant, presented a blueprint for resolving non-systematic debts in Udon Thani province. In a stern message, he placed the onus of success on the combined efforts of provincial governors, police commanders, and revenue departments.

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External Capitalists and Debt Abuses

Griang drew attention to the role of external capitalists in severe debt-related abuses, absolving local investors of such allegations. He expressed his faith in provincial authorities to effectively manage the situation. Simultaneously, he underscored the urgency of addressing 'fake debts'—scams involving connivance between borrowers and lenders to deceive the state.

Historical Precedence and Future Measures

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Reflecting on the past, he referenced measures adopted during the Thai Rak Thai government's tenure in 2002-2003 to combat debt-related frauds. The Deputy Minister also integrated national politics into the conversation, spotlighting the role they play in dealing with major debt collectors, colloquially known as 'ping pong heads'.

Asset Confiscation and Provincial Debts

When queried on tackling creditors from outside the province, Griang proposed asset confiscation as a potential solution. He voiced his confidence in Prime Minister Setthathirath Taweesin and the Finance Minister's dedication to this issue. He credited their focus on enhancing income, minimizing expenses, and creating opportunities including tackling the unnecessary expense of non-systematic debts as the cornerstone of their approach.

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