Thailand’s Finance Ministry considers launch of new co-payment scheme phase

[snoop1130]

 

The Finance Ministry is now working on a possible launch of a 5th phase of the 50:50 co-payment scheme, aimed at easingthe financial burden of the rising cost of living.

 

Finance Permanent Secretary Krisada Chinavicharana said yesterday (Thursday) that they are awaiting a report onrevenue collection in April and are also assessing the impacts of the scheme on the fiscal position if it is launched.

 

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Of the 500 billion baht loan, secured under the Loan Executive Decree, 70 billion baht remains, but he said that he is afraid that may not be enough and that a new loan may be needed.

 

Full Story: https://www.thaipbsworld.com/thailands-finance-ministry-considers-launch-of-new-co-payment-scheme-phase/

 

-- © Copyright Thai PBS 2022-05-13

 

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[RichardColeman]

Can't help but think giving away money boosts inflation.

[kennw]

3 hours ago, RichardColeman said:

Can't help but think giving away money boosts inflation.

But maybe the multiplier effect is positive particularly since it is only available to smaller traders.