Thailand is set to launch a $14 billion cash distribution program in the last quarter of this year to boost its economy. The plan involves giving 10,000 baht to 50 million adult Thais, with exclusions for high-income individuals. Despite concerns about inflation and fiscal deficit, the government hopes to address economic growth struggles and high household debt through this initiative.
The program, subject to cabinet approval by April’s end, aims to provide financial relief, stimulate consumer spending, and encourage investment, supporting Thailand’s economic recovery efforts post-COVID-19. Critics suggest alternative uses for the funds such as direct expenditure and targeted aid, citing worries about inflation and fiscal discipline. Amid calls for interest rate cuts by the Prime Minister due to economic challenges, the central bank has been cautious.
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