Co-payment stimulus scheme has ended with ฿102bn spending in six months

[webfact]

 

Thailand’s Finance Ministry announced the end of the two phases of the populist co-payment scheme on March 31st, with total spending amounting to 102.065 billion baht, 52.2 billion by consumers and 49.8 billion borne by the taxpayer.

 

Kulaya Tantitemit, director of the Fiscal Policy Office and spokesperson for the Finance Ministry, said Thursday that 14,793,602 registered consumers had taken advantage of the scheme, with 92% of them having spent over 3,000 baht each. 7,819,925 spent up to their 3,500 baht limit.

 

The highest spenders were in Bangkok, Chon Buri, Samut Prakan, Songkhla and Chiang Mai respectively.  The spending helped to support domestic consumption, hard hit by various factors related to COVID-19, in Q4 2020 and Q1 2021.

 

Full story: https://www.thaipbsworld.com/co-payment-stimulus-scheme-has-ended-with-102bn-spending-in-six-months/

 

 

-- © Copyright Thai PBS 2021-04-02

 

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[sandyf]

This was the 50/50 scheme which actually came to an end some time ago. The 31st March was the deadline for people to use up any remaining balance. The balance could only be spent at 150 baht a day.

The scheme directed a fairly large amount of money into small businesses, 50% of which would probably have been spent in the likes of Tesco and 7 eleven.