Current location:Universal Unfoldings news portal > business
Thailand: $13.7 billion digital money handout plan unveiled
Universal Unfoldings news portal2024-05-21 15:48:12【business】1People have gathered around
IntroductionBANGKOK (AP) — Thailand’s Prime Minister Srettha Thavisin on Wednesday revealed details of his gover
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.
Address of this article:http://puertorico.arandomquote.com/content-32f699911.html
Very good!(245)
Related articles
- What's next for Iran after death of its president in crash?
- Artists paint giant mural to honor Kobe Bryant and Gianna in Manila
- Xi Leads Way in Combating Beijing, Hebei Floods
- Bulgaria, Romania to join Schengen area
- Student fatally shot, suspect detained at Georgia's Kennesaw State University
- Xinjiang's ski resorts draw growing crowds
- China's political advisors discuss foundations of food security
- Harry Kane ends England's long wait for a final appearance to end Schmeichel's heroics
- Kristin Cavallari, 37, ignores critics of her age
- Rwanda basketball league resumes after 7
Popular articles
Recommended
French sports minister calls for sanctions after Monaco player tapes over anti
Xi Focus: Xi Stresses Youth, Solidarity, Inclusiveness in Vision for Shared Future
Xi Calls for Breaking New Ground in China's High
Disney to open first Zootopia
Company wins court ruling to continue development of Michigan factory serving EV industry
China Honors Promise to Ensure Smooth Running of Chengdu Universiade: Xi
Snowfall in Beijing causes flight, train delays and personal injury
Middle East nations to enhance tourism ties with China
Links
- 2024 Chang'an Light Show starts in Xi'an
- Kyrou, Schenn and Walker score in 3rd period, send Blues past Kraken 4
- Xiong'an emerges as high
- Feature: China's top
- Delegation of Taiwan youth led by Ma Ying
- Happy Chinese New Year art and cultural show held in Kathmandu
- Myles Turner scores 31, Pacers avoid play
- People celebrate upcoming Chinese Lunar New Year across world
- 76ers play their season finale without All
- Chicago shooting kills 7