According to the lieutenant finance minister, 14 million people will receive funding in Q2 of next year.
Discussed: 20 Nov 2024 at 14: 11
According to Deputy Finance Minister Julapun Amornvivat, the Thai government plans to give 14 million persons 140 billion ringgit as part of its cash-handout trigger program in the second quarter of next year.
” Growth can be pushed up by the various stimulus measures in the upcoming year to over 3 %.” We are very convinced of that”, Mr Julapun said on Wednesday, adding that full-year progress in 2024 did not reach 2.8 %.
About 14.5 million poor and disabled individuals have so far received a settlement of 10, 000 ringgit, out of an estimated 45 million who are expected to be take part in the Pheu Thai-led government’s unique system.
In January, 40 billion baht will be transferred to the old, followed by 140 billion ringgit in the second quarter to others who have registered, Mr Julapun said.
He added that the government intends to invest 40 billion baht by the start of the year to reduce producers ‘ production costs.
Southeast Asia’s second-largest economy grew by 3 % in the July-September period this year, the fastest rate in two years, the National Economic and Social Development Council ( NESDC ) said this week.
The agency forecast growth of 2.6 % this year and 2025 growth in a range of 2.3 % to 3.3 %.
Last year’s growth of 1.9 % lagged regional peers. Due to high household debt, higher borrowing costs, and clunky demand from China’s major trading partner, the economy has struggled.
The Bank of Thailand ( BoT ) unexpectedly reduced its policy interest rate last month following sustained government pressure. Dec. 18 is when it’s second rate meeting, but it’s already said nothing will change.