Thailand plans new cash handouts, job measures worth $2.2 billion for economy

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Thailand plans new cash handouts, job measures worth $2.2 billion for economy

 

FILE PHOTO: Reuters

 

BANGKOK (Reuters) - Thailand plans new cash handouts and job measures worth about 68.5 billion baht ($2.2 billion) to support an economy battered by the coronavirus pandemic, a government official said on Wednesday.

 

The government plans to give 3,000 baht for 15 million people to help boost domestic consumption, Danucha Pichayanan, a spokesman of the government’s task force, told a briefing after a meeting on stimulus measures.

 

It also plans to help the private sector pay for new hires, estimated to cost about 23.5 billion baht, he said.

 

($1 = 31.20 baht)

 

(Reporting by Kitphong Thaichareon; Writing by Orathai Sriring; Editing by Ed Davies)

 

-- © Copyright Reuters 2020-09-02

 

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[PatOngo]

What % will end up in the trough? Oink Oink!

[RichardColeman]

Have to say, that when this pandemic is over, most countries  - including my UK - will be raising taxes to claim back all this money being used to bail people out. I have no issues believing the UK will put them up, and get the money in - all be it annoyingly to the general UK public. BUT. I have serious doubts that Thailand will be able to get back money issued now from people who do not pay tax !

[brain150]

9 minutes ago, RichardColeman said:

Have to say, that when this pandemic is over, most countries  - including my UK - will be raising taxes to claim back all this money being used to bail people out. I have no issues believing the UK will put them up, and get the money in - all be it annoyingly to the general UK public. BUT. I have serious doubts that Thailand will be able to get back money issued now from people who do not pay tax !

If you break an entire world economy who is left to pay ?

[Grumpy John]

Don't you lads worry about a thing.  The good people at Rothschild bank will be only to happy to help out.  And let's not forget those wonderful people the Morgan's and Rockefellers.

[sammieuk1]

That's today taken care of what about tomorrow ????

[khunPer]

1 hour ago, RichardColeman said:

Have to say, that when this pandemic is over, most countries  - including my UK - will be raising taxes to claim back all this money being used to bail people out. I have no issues believing the UK will put them up, and get the money in - all be it annoyingly to the general UK public. BUT. I have serious doubts that Thailand will be able to get back money issued now from people who do not pay tax !

Thai VAT increase from 7 percent to 10 percent is an already approved instrument, which could increase the value added tax-income with almost 43 percent...????

 

Edit/addition: In that way both all us expats, and tourists, will pay a part also...

[bloodyholly]

[3NUMBAS]

thai billionaires will have to stump up the money ,if they ever did in the 1st place .10% own half the countries wealth ,time for redistribution

[Sydebolle]

So the taxpayers money is used to subsidize .... the very same taxpayer minus the "administrative" expenses involved in this moving around money ????