New Thai Leader to Unleash Stimulus to Bolster Wobbly Economy Still Reeling From Pandemic
- Srettha’s priorities include cash handouts, lower energy price
- Premier set to unveil new government’s agenda on Monday
Shoppers at a morning market in Bangkok, Thailand.
Photographer: Andre Malerba/BloombergThis article is for subscribers only.
Thailand’s new government is set to unveil a number of fiscal stimulus measures next week that will include debt suspension for millions of farmers and small businesses, and a cut in energy prices to bolster growth in an economy still reeling from the pandemic.
Prime Minister Srettha Thavisin, a former property mogul, will reveal his coalition’s policy priorities to the parliament on Monday. The main highlight will be a planned cash handout of 10,000 baht ($280) each through a so-called digital wallet to an estimated 55 million adults which will act as a “trigger that will wake up the country’s economy again,” according to a policy draft seen by Bloomberg.