Thailand to give each citizen $295 this month

By VNA   September 12, 2024 | 12:48 am PT
Thailand to give each citizen $295 this month
People use a pedestrian crossing in Bangkok on Oct. 16, 2023. Photo by AFP
The Thai government is expected to distribute THB10,000 (US$295) in cash to each citizens aged above 16 years old to boost spending.

In total $4.28 billion will be given under a digital wallet handout programme from late September to stimulate short-term development and support vulnerable groups.

During a budget discussion session in the Senate on Sep. 9, Deputy Finance Minister Julapun Amornvivat said this is a key policy in the Pheu Thai Party's election platform, aiming to stimulate the economy.

New Prime Minister Paetongtarn Shinawatra stated that the programme will continue despite the government change last month, with part of the support potentially provided in cash. A total of 32 million people have registered to participate through the government's "Thang Rat" app.

The "digital wallet" programme is seen as a cornerstone in Thailand's plan to revive its economy, which grew by only 2.3% in the second quarter of 2024. The earlier-than-expected implementation reflects the new government's determination to boost economic recovery.

 
 
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