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

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

//business-finance.news-articles.net/content/202 .. of-handout-scheme-in-q2-plans-more-stimulus.html

Published in Business and Finance on Wednesday, February 5th 2025 at 7:20 GMT by Reuters
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

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.

248x130/9327 Bytes

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/ ]