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More stimulus measures on the way, says Somkid


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Posted

More stimulus measures on the way, says Somkid

By THE NATION

 

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Deputy Prime Minister Somkid Jatusripitak

 

The government will launch additional stimulus measures to prop up the declining economy, said Deputy Prime Minister Somkid Jatusripitak on Wednesday (February 12).

 

It will make fresh injections into more than 70,000 village funds nationwide in March or April, he said. 

 

Somkid also ordered the Finance Ministry to seek new loan sources to implement necessary projects.

 

He also instructed all state agencies to prepare for disbursement of the fiscal 2020 budget, expected to begin in April.

 

Meanwhile, the Finance Ministry has been told to hasten launch of phase 4 of the Eat, Shop, Spend campaign, aimed at boosting the subdued tourism sector.

 

Thailand has been facing many risk factors, including delays of the 2020 fiscal budget and impacts from the coronavirus outbreak with many banks and economic research houses revising downward their previous growth forecast of the country's gross domestic product.

 

Source: https://www.nationthailand.com/business/30382029

 

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-- © Copyright The Nation Thailand 2020-02-13
  • Haha 2
Posted

Prayut's six years of economic stimulus programs has been like giving pain dulling medicine to a patient with a broken leg. The symptoms are treated but the cause isn't.

  • Like 1
Posted
10 hours ago, webfact said:

phase 4 of the Eat, Shop, Spend campaign,

Who comes up with these "campaigns" and who names them ????

Posted

Wasn't it Somkid's colleague, (Anutin/Rasputin) who did his bit to help the Thai tourist trade by bad mouthing foreigners refusing to wear useless face masks?

  • Like 1
Posted

I don' like this word "stimulus" it sounds more like Serious Financial Problems to me.

 

"All the Money I Earned Through Cheating, I Lost it by Earning it Honestly".

  • Like 1

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