Bt1.9tn stimulus should target low-income Thais, say Dems

By The Nation

 

 

The ruling coalition Democrat Party has given an opinion on the government’s latest economic stimulus package, worth Bt1.9-trillion, saying it did not address the needs of low-income Thais.

 

Democrat Party MP Thepthai Senapong urged the government to use the money to aid people who have less than Bt100,000 in their bank accounts and have been hit hardest by the Covid-19 pandemic.

 

He proposed that 10 million farming families should each get handouts of at least Bt10,000 to help them get through the virus crisis.

 

Thepthai also doubted that the Bt500 billion in soft loans granted by the Bank of Thailand (BOT) as part of the stimulus would go to small businesses. He said the loan measure should be extended to cover all banks so that SMEs could also access the money.

 

Meanwhile the BOT’s Bt400 billion fund to buy up corporate bonds might only support big companies, he said.

 

Charnkrij Dejvitak, an assistant to the Prime Minister’s Office and Finance Ministry representative, said the proposal from the Democrat Party would be considered, adding that the government was being cautious about issuing the measures.

 

Source: https://www.nationthailand.com/news/30386412

 

-- © Copyright The Nation Thailand 2020-04-20

 

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21 minutes ago, snoop1130 said:

saying it did not address the needs of low-income Thais.

that is the absolute heart of thai corruption; get as much money flowing as fast as possible , and the rich steal it