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
Liverpool confirms Arne Slot as Jurgen Klopp's replacement
Arne Slot will take on one of the most daunting challenges in soccer by replacing Jurgen Klopp as Li2024-05-21China defends men's 5,000m relay title in Rotterdam
Chinese skaters finished the Rotterdam World Championships in style on Sunday as the men's team2024-05-21Caitlin Clark's young dream of playing in the WNBA is set to become reality
NEW YORK (AP) — In elementary school, Caitlin Clark wrote down a list of her goals and dreams which2024-05-21Women Pucksters Rising the Ranks
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21OpenAI pauses ChatGPT voice after Scarlett Johansson comparisons
NEW YORK (AP) — OpenAI says it plans to halt the use of one of its ChatGPT voices after some users s2024-05-21Young Policewoman Fulfils Her Passion as Police Dog Trainer
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21
atest comment