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Wed, February 5, 2025
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Thailand to roll out next phase of handout scheme in Q2, plans more stimulus

Thailand to roll out next phase of handout scheme in Q2, plans more stimulus


Published on 2025-02-05 07:20:55 - Reuters
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  • Thailand's government will implement the third phase of its 450 billion baht ($13.4 billion) stimulus scheme in the second quarter of 2025, and will also discuss more measures later this month, a deputy finance minister said on Wednesday.

Thailand plans to roll out the next phase of its handout scheme in the second quarter of 2025, aiming to distribute 10,000 baht ($280) to 50 million citizens through a digital wallet to stimulate the economy. Prime Minister Srettha Thavisin announced that the government is considering additional stimulus measures for 2025, including a potential increase in the minimum wage and a 20,000 baht ($560) handout for new graduates. The digital wallet initiative, part of a broader economic strategy, will be financed through the 2024 and 2025 fiscal budgets, with the government also contemplating a borrowing bill to fund the program. This comes amidst concerns about the country's high household debt levels, which are among the highest in Asia.

Read the Full Reuters Article at:
[ https://www.reuters.com/world/asia-pacific/thailand-roll-out-next-phase-handout-scheme-q2-plans-more-stimulus-2025-02-05/ ]
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