Thailand bets on $14 billion cash handout to revive economy

Quick Summary:

But officials have since said they only expect a take-up rate of at most 90%, lowering the cost to about 450 billion baht.

If effective, authorities predict the stimulus will lift the growth rate in Southeast Asia’s second-largest economy, which has averaged less than 2% annually for the past decade.

The handouts, the centerpiece of Prime Minister Srettha Thavisin’s efforts to revive growth and the fortunes of the ruling coalition, were originally intended for early 2024, but were delayed by wrangling over how Thailand would pay for the stimulus.

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Article Details

Author / Journalist: BusinessMirror

Category: BusinessStartups

Markets: PhilippinesThailand

Topics: Debt Household Fiscal Baht Economy Cash Minister Year Thailand Stimulus Billion

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-24 @ 12:07:19 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 527 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 36 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 21761621

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Official Website: businessmirror.com.ph

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