Thailand to Begin Enrollment for Massive Stimulus Program Next Month

Quick Summary:

The government will begin distributing 10,000 baht payments in the fourth quarter, but questions remain about the efficacy of the "digital wallet" program.

As James Guild wrote for The Diplomat in November, the stimulus plan “indicates the government wants to start breaking away from its heavy dependence on exports and rebalance economic activity more toward consumption.” But, he added, “not everyone agrees that a one-time cash giveaway is the best way to do that.

The “digital wallet” stimulus plan is the centerpiece of Prime Minister Srettha Thavisin’s goal of firing up the Thai economy, which has grown at a sluggish pace since staggering out of the doldrums of the COVID-19 pandemic.

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Article Details

Author / Journalist: Sebastian Strangio

Category: Economy

Markets: United StatesBangladeshChinaIndiaMyanmarPakistanThailandUzbekistan

Topics: Economy Year Baht Payments Government Stimulus Economic Thai Billion Plan Percent

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-25 @ 10:11:00 (21 hours ago)

News Timezone: GMT +8:00

News Source URL: thediplomat.com

Language: English

Article Length: 1951 words

Reading Time: 11 minutes read

Sentences: 73 lines

Sentence Length: 27 words per sentence (average)

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

Copyright Owner: © The Diplomat

News ID: 21775599

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