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Thai PM admits government can only afford single 5,000 baht subsidy payment

Thai PM admits government can only afford single 5,000 baht subsidy payment

13 Sept 12:15 Key points summarised by AI
  • The Thai government can only afford a single 5,000 baht cash hardship subsidy payment for April, targeting 9 million freelancers, self-employed, and small retailers.
  • Separate funding mechanisms are in place for 11 million social security members and are being sought for 17 million farmers for the April payment.
  • Future subsidy payments are contingent on securing a 1 trillion baht loan, which is expected to take 2-3 months and will be disbursed in tranches, underscoring the government's financial limitations.
  • Prime Minister Prayut Chan-o-cha dismissed earlier reports of multiple payments, emphasizing the need to also support the business sector and the cautious approach to spending due to scrutiny.
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