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Economy PM Paetongtarn Signals Doubts Over Next Handout Phase
Picture courtesy of Money and Banking Prime Minister Paetongtarn Shinawatra announced on Tuesday that crucial revisions are necessary in the government's prominent money handout scheme. The revisions are spurred by the impending impact of US President Donald Trump's tariff policies on the global economy. After a cabinet meeting, the Prime Minister stated that various opinions are being gathered to re-evaluate the project's effectiveness under the new economic circumstances. Advisory input from the National Economic and Social Development Council and the Bank of Thailand has been highlighted as critical in deciding the scheme's future. These agencies have stressed the need for caution in proceeding with the government's economic stimulation measures. The Prime Minister noted the necessity to understand the actual impact of planned stimulus measures before any further steps are taken. The proposal to continue with Phase 3 of the handout scheme faced postponement on Tuesday, although it was expected to receive cabinet approval. A total of 157 billion baht remains from the scheme's budget, intended to provide digital currency handouts to about 2.7 million Thai citizens aged 16 to 20. This phase aims to inject 27 billion baht into the economy in an effort to revitalize grassroot economic activities. Concerns are rising over the effectiveness of past phases, with Deputy Finance Minister Julapun Amornvivat maintaining confidence prior action, which the recent cabinet decision contradicts. The reconsideration of Phase 3 also stems from disappointing outcomes in earlier stages, according to a source from Isra News Agency. The remaining 150 billion baht may instead address other economic priorities like water management and job preservation. Speculations on redirecting funds gain ground with considerations to allocate 100 billion baht to enhance water systems and the remainder towards job support affected by tariff impacts. The Pheu Thai Party-led coalition has already allocated 185 billion baht to benefit 14.5 million citizens in previous scheme stages. Finance permanent secretary Lavaron Sangsnit emphasized the need for vigilant government spending amid tariff-induced economic pressures. Adapted by ASEAN Now from Bangkok Post 2025-05-07 -
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The alarming mental decline of Donald J. Trump -- watch this space
Do you have a Phd in Economics? Why don't you humble yourself and admit you can't grasp what he's doing? People here never ran a lemonade stand and they think they can make economic decisions to run the entire country without any qualifications whatsoever in economics. -
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I want to run for office as a county commissioner or school admin. Vet me.
There ya go. Rules about attractiveness? -
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Report Missing Sailor Found Safe as Catamaran Located Near Koh Racha Noi
No mobile signal in that area. -
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Overflowing the Swamp: Promises Made, Facts Deleted
Just another Trump deranged troll topic -
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