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Phase III of cash handout scheme postponed indefinitely

Phase III of cash handout scheme postponed indefinitely

14 Sept 00:22 Key points summarised by AI
  • Finance Minister Pichai Chunhavajira announced the indefinite postponement of Phase III of the cash handout scheme, citing financial constraints.
  • The decision is influenced by potential US tariffs on Thai exports and the government's need to provide financial support to struggling Thai businesses, particularly SMEs.
  • The government plans to reallocate an estimated 157 billion baht from the Central Fund to prioritize projects in water management, public transport, public toilets (to promote tourism), and education.
  • To support the economy, the government will urge financial institutions to increase the issuance of soft loans with low interest rates to help SMEs and prevent GDP growth from falling.
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