Thailand: $13.7 billion digital money handout plan unveiled
BANGKOK (AP) — Thailand’s Prime Minister Srettha Thavisin on Wednesday revealed details of his government’s plan to stimulate the economy by giving digital cash handouts of 10,000 baht ($275) to an estimated 50 million Thais for spending at their local businesses.
Srettha said at a news conference that the 500-billion-baht ($13.7-billion) plan, to be mostly funded out of the 2024 and 2025 fiscal budgets, will be rolled out in the last quarter of the year.
The stimulus and subsequent consumption are expected to boost gross domestic product growth by 1.2 to 1.6 percentage points, he said. The World Bank estimated Thailand’s year-on-year GDP growth at 1.5% in December.
Another portion of the funding will come from the state’s Bank for Agriculture and Agricultural Cooperatives, earmarked for covering payouts to about 17 million farmers.
Related articles
Trump accepts a VP debate but wants it on Fox News. Harris has already said yes to CBS
NEW YORK (AP) — Donald Trump said Friday his campaign has accepted an invitation from Fox News for h2024-05-21Uma Thurman, 53, looks sensational in elegant purple gown and shiny gold jewelry as she joins A
Uma Thurman looked sensational as she joined A-list stars at this year's TIME 100 Gala in New York C2024-05-21Americans react to Walmart axing self
Walmart has continued ditching some self-checkouts from stores - and shoppers couldn't be happier.Se2024-05-21‘Alien: Romulus’ director teases how the new film connects to its roots
Ridley Scott’s “Alien” is back in theaters Friday for its 45th anniversary and to get audiences exci2024-05-21Arrest Lord Mountbatten's self
Families of the Birmingham pub bombing victims yesterday demanded that a former IRA commander implic2024-05-21Fall in love with Chinese instrument hulusi flute
WELLINGTON, Sept. 26 (Xinhua) -- David Stringer is a star in the Chinese community in New Zealand's2024-05-21
atest comment