NextFin news, On Wednesday, September 24, 2025, Thailand's new Prime Minister Anutin Charnvirakul and his cabinet ministers took the oath of office in a traditional ceremony before King Maha Vajiralongkorn at Dusit Palace in Bangkok, Thailand. The 36-member cabinet, led by the Bhumjaithai Party, was officially sworn in following royal endorsement of the new government portfolios.
Anutin Charnvirakul became Thailand's third prime minister since August 2023 after securing a parliamentary vote in early September 2025. He formed a coalition government by pulling the Bhumjaithai Party out of the previous ruling coalition led by the Pheu Thai Party and gaining support from the opposition People's Party, the largest parliamentary group.
As part of the coalition agreement, Anutin committed to dissolving parliament by the end of January 2026 and holding a general election in March or early April 2026. This move aims to address ongoing political instability in the country.
At a news conference on Wednesday, Anutin outlined his government's priorities, including tackling economic challenges such as the impact of U.S. tariffs, high household debt, and weak domestic consumption. The government plans to implement measures to alleviate the cost of living and support farmers facing declining prices for agricultural products.
Additionally, Anutin stated that his administration will not support gambling businesses, explicitly ruling out casino-style entertainment complexes and the legalization of online gambling.
The political turbulence and economic uncertainty have affected Thailand's economy, with Fitch Ratings revising the country's outlook from "stable" to "negative" due to risks to public finances amid the ongoing political situation.
The oath-taking ceremony and government formation mark a significant step in Thailand's political landscape as the new administration seeks to stabilize governance and address economic issues ahead of the upcoming elections.
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