Thailand's government, led by Prime Minister Srettha Thavisin, is set to implement a $14 billion cash handout plan in the final quarter of this year, aiming to stimulate economic growth. The plan, which has been delayed from its initial deadline at the end of 2023 and then pre-Songkran, involves a 10,000 Baht 'Digital Wallet' handout. Funding options for this stimulus, as stated by Lawaron Saengsanit, the Permanent Secretary at the Ministry of Finance, include a 500-billion Baht loan bill, the 2025 fiscal budget, and another unspecified method. Additionally, Thailand anticipates attracting at least $15 billion in foreign direct investment over the next three years. This economic strategy comes amid historical predictions by The Economist in 1995 that Thailand would become the 8th largest economy by 2020. The Thai PM has also considered funding options for a $13.7 billion handout plan.
Thai PM says economy needs a boost, weighs funding options for $13.7 bln handout plan https://t.co/reZd3Zvele https://t.co/kgRSpyjMoN
Thailand says it expects to garner at least $15 billion in foreign direct investment in the next three years https://t.co/C2vvSfr8Tv
The government is now considering three options to fund the 10,000 baht digital wallet policy, as stated by Lawaron Saengsanit, Permanent Secretary at the Ministry of Finance. The first option is the 500-billion baht loan bill. The second option is using the 2025 fiscal budget… https://t.co/g6D8NE2Ifo
#ThaiEnquirer News Summary – March 26, 2024 · Pheu Thai party led government has come out to say that the plans for the 10,000 Baht ‘Digital Wallet’ handout will be delayed further. Initially it was supposed to have been handed out by end of 2023 then moved to pre-Songkran, and… https://t.co/UhcIgO1FqR
The Economist predicted in 1995 that Thailand would be the 8th largest economy by 2020. https://t.co/KWsCuT58Sv
Thailand plans to implement a $14 billion cash handout plan in the final quarter of this year as Prime Minister Srettha Thavisin’s government touts the stimulus as key to revive growth in the country https://t.co/4YNHUFOhYa via @bpolitics
Thailand plans to implement a $14 billion cash handout plan in the final quarter of this year as Prime Minister Srettha Thavisin’s government touts the stimulus as key to revive growth in the country https://t.co/q1jcm4eHg3