Government confident Welfare Cards can bolster economy

 

   

BANGKOK (NNT) - Government Spokesperson Naruemon Pinyosinwat is confident that Welfare Cards can bolster and expand the national economy, raise public benefit and stimulate domestic consumption.

 

She said the Welfare Cards, worth over 109 billion baht, are contributing significantly to increases in domestic consumption in the third, fourth quarters of this year and first quarter next year by 5.2%, 5.4% and 4.6% respectively, compared to forecast GDP growth by 3.2%, 3.6% and 2.8% respectively. The increased domestic consumption has kept the economy from further slump, according to the Office of the National Economic and Social Development Council.

 

The government has also secured in-depth individual data so that the Welfare Cards can be provided appropriately and effectively to meet the demands of registered low-income earners. The handouts via the Welfare Cards have incurred no leaks or corruption. If the Welfare Cards are not used, the money will not be unaccounted for, but remain untapped in the Chararath Fund for the Fundamental Economy.

 

-- © Copyright NNT 2019-08-20

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Government Spokesperson Naruemon Pinyosinwat is Thailands new Pinocchio. She will need a nose job very soon.

No leaks or corruption ????

Yes.

we all know that the people at the bottom of the ladder will stimulate the economy.

iPhones for everyone.....that will shut them up!

On 8/20/2019 at 5:21 AM, webfact said:

Government confident Welfare Cards can bolster economy

Free money to create a stimulus and stop the economic decline. That's a novel approach.

Given the PM is now in charge of the economy would this be one of his masterstrokes?

On 8/20/2019 at 5:21 AM, webfact said:

She said the Welfare Cards, worth over 109 billion baht

Curiously that's about the same as the State Railways of Thailand debt. What the government giveth in one hand to try to improve the economy Thailand's State run authorities take away with the other.