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Thai PM set to unveil stimulus to bolster growth in economy
The Straits Times
|September 07, 2023
Measures to include fresh energy subsidies, cash handouts to 55 million via digital wallet
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BANGKOK - Thailand's new government is set to unveil a number of fiscal stimulus measures next week that will include debt suspension for millions of farmers and small businesses, and a cut in energy prices to bolster growth in an economy still reeling from the Covid-19 pandemic.
Prime Minister Srettha Thavisin, who is a former property mogul, will reveal his coalition's policy priorities to Parliament on Monday.
The main highlight will be a planned cash handout of 10,000 baht (S$385) each through a so-called digital wallet to an estimated 55 million adults that will act as a "trigger that will wake up the country's economy again", according to a policy draft seen by Bloomberg.
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