Suwat told Thansettakij newspaper that around 209,000 officers had taken loans to support their family or to purchase large items such as cars or houses.
The police chief said he has asked Krungthai Bank and the Government Savings Bank to suspend debt payments.
He is also seeking ways of generating more revenue for his subordinates. One idea is to set up a market for police spouses to run businesses. Another is to look at assets confiscated by the Anti-Money Laundering Office.
He added that he has contacted corporations to request scholarships for police officers’ children.
Suwat also pledged to give a live internet broadcast explaining the police force’s mission and allow members of the public to question him in real time.
“I will not hide anything and am ready for all questions,” he said.