Inflation & Prices
New Thai Leader to Scrap $14 Billion Cash Handout, Media Say
- Thaksin has advised Paetongtarn to drop the plan, report says
- Stimulus set to be scrapped as economic growth remains anemic
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Thailand’s key economic stimulus — an almost $14 billion cash giveaway to its citizens — is poised to be abandoned by the next government under the daughter of Thaksin Shinawatra, according to local media reports.
Thaksin told the ruling Pheu Thai party and his daughter, Paetongtan Shinawatra, voted by the parliament on Friday as prime minister, to drop the plan, the Nation reported, citing a party official it didn’t identify. Earlier this week, the court disqualified previous leader Srettha Thavisin.