Govt sets aside Bt45 billion for new ‘Let’s Go Halves’ stimulus package

By The Nation

 

 

The government is getting ready to launch a new three-month economic stimulus package called “Kon La Khreung” (Let’s Go Halves), which like its previous “eat, shop, spend” scheme, will be operated online.

 

Danucha Pichayanan, deputy secretary-general of the National Economic and Social Development Council (NESDC), said the Cabinet has agreed to earmark Bt45 billion for this scheme, in which the government will provide a 50-per-cent subsidy for products purchased from participating retailers and street vendors from October to December. However, the subsidy is capped at Bt3,000 per consumer.

 

The scheme aims to provide subsidies to 15 million consumers aged 18 and above and expects at least 80,000 retailers and street vendors to participate. Retailers of alcoholic beverages and cigarettes will not be eligible.

 

Danucha said payments for purchases must be made via Krungthai Bank’s online wallet Pao Tang. The government will cover 50 per cent of the money spent on purchases, but initially consumers are allowed to spend no more than Bt100 to Bt250 daily of their Bt3,000 credit.

 

Shoppers will only pay 50 per cent for products, while participating stores will receive the rest of the money the following day.

 

NESDC believes this package will inject Bt9 billion in the economy and stimulate the GDP by 0.25 per cent.

 

The Finance Ministry is preparing a detailed proposal for the government’s Centre for Economic Situation Administration so the scheme can kick off in October.

 

Source: https://www.nationthailand.com/business/30393960

 

-- © Copyright The Nation Thailand 2020-09-03

 

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16 minutes ago, webfact said:

Retailers of alcoholic beverages and cigarettes will not be eligible.

Bah humbug ????

16 minutes ago, webfact said:

Retailers of alcoholic beverages and cigarettes will not be eligible.

Dont smoke, dont drink, dont care.????????

So, the trough's only half full?

1 hour ago, webfact said:

(Let’s Go Halves),

trying running that past the girls .. 

but I'm guessing the response will likely be a bit half hearted .. 

 

Thailand.

 

The Monty Python of countries. 

Thailand must be printing money, wheres it all coming from?, not tourism thats for sure

So I guess the latest stimulus increase of 5 million to 20 million didn't work-out to well so have another stab in the dark.

off course, not for expats

Doing something to make it look like their finding solutions.  Always helping out the people that control the strings of the puppet government and pretending they are helping out the wider business community...including the little guys.  Not so much interest in putting money in the hands of the real needy.  But,  let face it,  It's not that it's their fault for causing the country such misery it was the dirty farang that caused it.