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

 

- Whatever you're going through, the Samaritans are here for you

- Follow Thaivisa on LINE for breaking COVID-19 updates

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

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 !

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 ?

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.

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

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...

Edited September 3, 20205 yr by khunPer

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

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