BANGKOK- Thailand expects to conduct the third phase of its cash handout stimulus program in the second quarter next year, when 140 billion baht ($4.1 billion) will be distributed to 14 million people, a deputy finance minister said on Wednesday.
“The various stimulus measures can push growth above 3 percent next year. We are quite confident of that,” JulapunAmornvivat said, adding that full-year growth in 2024 will not exceed 2.8 percent.
About 14.5 million people have so far received a payment of 10,000 baht ($290), out of an estimated 45 million who are expected to be take part in the government’s signature scheme.
In January, 40 billion baht will be transferred to the elderly, followed by 140 billion baht in the second quarter to others who registered, Julapun said. The government also plans to spend 40 billion baht to lower costs of production for farmers by early next year, he added.
