Thailand: $13.7 billion digital money handout plan unveiled
Time:2024-05-01 11:18:14 Source:healthViews(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:Select list of nominees for 2024 Tony Awards
Next:Welcome to stench ground zero: The village where an unspeakable two
You may also like
- Abuse allegations against former Olympic rower, coach found to be credible, US Rowing probe says
- After Roe v Wade, alarms sound about emergency pregnancy care in U.S.
- Former NHL star Jaromir Jagr scores in his first game since turning 52
- Laborers and street vendors in Mali find no respite as deadly heat wave surges through West Africa
- Audit finds Wisconsin Capitol Police emergency response times up, calls for better tracking
- JoJo Siwa fans are left stunned to discover that the platinum blonde 20
- UN envoy urges unified government to lead Libya to elections
- Netflix fans reveal the shows they gave up on after a few episodes: 'Don't waste your time'
- Kansas has new abortion laws while Louisiana may block exceptions to its ban