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Cabinet endorses reallocation of Bt157bn to stimulate the economy

Cabinet endorses reallocation of Bt157bn to stimulate the economy

13 Sept 12:51 Key points summarised by AI
  • The Cabinet approved reallocating 157 billion baht from the Central Fund, including money initially for the 'digital wallet' scheme, to stimulate Thailand's sluggish economy.
  • These funds will target key areas such as water management, communication infrastructure improvements, and tourism development.
  • Additional allocations will boost agricultural productivity, reduce impacts on the export sector, and provide financial support for exporters and community-based initiatives.
  • Prime Minister Paetongtarn Shinawatra clarified that the digital wallet scheme is not scrapped but postponed, as it's currently not considered the optimal economic stimulus, though it may be revived in the future.
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