Tax & Spend
Thailand Readies $12 Billion for Handout to Perk Up Growth
- Some 14.5 million to qualify in phase one from Sept. 25-Oct. 1
- Plan is still to give 10,000 baht each to qualified citizens
Shoppers at a market in Bangkok.
Photographer: Andre Malerba/BloombergThis article is for subscribers only.
Thailand expects the recipients of its two-part cash handout at no more than 40 million, which will make it easier for the government of Prime Minister Paetongtarn Shinawatra to finance and implement.
The government will kick off the first phase by giving 10,000 baht ($300) to each of the 14.5 million Thais in most need of assistance from Sept. 25 to Oct. 1, Permanent Secretary for Finance Lavaron Sangsnit told reporters in Bangkok on Monday.