Thai PM Srettha to take on finance minister job, senior party sources say

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Thailand's new Prime Minister Srettha Thavisin speaks to the members of the media at Pheu Thai Party headquarters in Bangkok, Thailand August 24, 2023. REUTERS/Athit Perawongmetha

Thailand's new Prime Minister Srettha Thavisin on Friday said the Cabinet line-up would be finalised in a few days.

PHOTO: REUTERS

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BANGKOK -

Thailand’s new Prime Minister Srettha Thavisin

will take on the additional role of finance minister in his cabinet, senior officials from his Pheu Thai Party told Reuters on Friday.

The two officials declined to be identified because the discussions were not public. The Pheu Thai Party did not immediately respond to a request for comment.

Mr Srettha, 61, a real estate mogul who was thrust into politics only a few months ago, is expected to choose a Cabinet from his 11-party alliance in the coming week after he was endorsed as premier by parliament on Tuesday.

A government source with knowledge of the matter also confirmed Mr Srettha would serve as finance minister.

Mr Srettha on Friday said the Cabinet line-up would be finalised in a few days and that Pheu Thai Party had already decided on who would take each of its ministerial portfolios.

Asked if it would be ready to start work by the end of September, he said he hoped it could happen sooner.

“We want to be fast because there are many urgent matters,” he said.

Pheu Thai, which won the second most seats in the May general election, is leading the formation of a government after an earlier effort by the winners Move Forward collapsed due to heavy conservative resistance in parliament.

Pheu Thai’s oversight of finance and other ministries related to the economy were expected so that the party could deliver on election promises, like its signature 10,000 baht (S$386) giveaway in digital currency and raising of the minimum wage.

Pheu Thai will have eight ministerial posts and nine deputy minister positions in the new cabinet, according to a coalition agreement. REUTERS

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