Thai Cabinet Approves $4.4 Billion Cash Handout to Spur Economy
- Nearly 15 million people to get 10,000 baht each by Sept. 30
- Stimulus to boost growth by 35 basis point this year, Pichai
Thailand will start transferring 10,000 baht each to an estimated 14.6 million beneficiaries from Sept. 25.
Photographer: Dario Pignatelli/BloombergThis article is for subscribers only.
Thailand’s cabinet approved a cash handout plan totaling 145.6 billion baht ($4.4 billion) that will benefit millions of poor and help stimulate Southeast Asia’s second-largest economy.
The government will start transferring 10,000 baht each to an estimated 14.6 million beneficiaries from Sept. 25, Finance Minister Pichai Chunhavajira told a briefing after a cabinet meeting in Bangkok on Tuesday. The beneficiaries include 12.4 million state welfare cardholders and 2.15 million people with disabilities, he said.