Thailand: $13.7 billion digital money handout plan unveiled
Time:2024-05-21 13:17:01 Source:opinionsViews(143)
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.
Previous:Strictly star Giovanni Pernice's former partner Rose Ayling
Next:With Djokovic awaiting the winner, Murray trails Hanfmann at rain
You may also like
- Brazil replaces injured goalkeeper Ederson in Copa America squad
- States with abortion bans saw greater drops in medical school graduates applying for residencies
- FIFA vote awards Brazil 2027 Women's World Cup
- CNN commentator and political adviser Alice Stewart dies at 58
- Kosovo prepares a new draft law on renting prison cells to Denmark after the first proposal failed
- Premier League title race heading to the wire
- Marcus Rashford 'spotted cosying up to Colombian
- Baby Reindeer triggers a surge of stalking complaints after millions watch Netflix show
- Fresh heartache for cancer