Thai elderly to soon receive 10,000 baht cash aid: Finance Ministry

[webfact]

Thailand's Ministry of Finance is poised to introduce a one-time cash payment initiative targeting the elderly, as confirmed by Deputy Finance Minister Paopoom Rojanasakul. This proposal, amounting to 10,000 baht, will be presented during the upcoming economic stimulus policy committee meeting scheduled for Tuesday, November 19.

 

This new measure specifically excludes state welfare cardholders and disabled individuals who previously received 10,000 baht in the initial phase of the consumption stimulus programme in late September. To access this financial aid, eligible recipients must register via the Tang Rat app, a government platform for disbursing funds.

 

“The eligible age range will be determined by the committee, potentially starting from either 50 or 60.”

Paopoom emphasised the rationale that older individuals possess diminished income-generating capabilities compared to other demographic groups.

The deputy minister anticipates that this second phase will see fewer applicants compared to the initial phase, with disbursements likely occurring at the end of this year or early next year. For those lacking smartphone access, alternative registration methods will be made available, with further updates to follow.

“All registered Thais will eventually receive the 10,000 baht payment, as the government has earmarked over 180 billion baht for this purpose.”

 

Paopoom noted that the precise timing and conditions are still under review. Adjustments will be based on feedback from relevant agencies to ensure the effectiveness of the programme.

 

The agenda for Tuesday’s meeting will feature a presentation by the Finance Ministry outlining a comprehensive framework for stimulus measures.

 

This framework aims to address short-, medium-, and long-term strategies, ensuring a holistic approach to economic stimulation across various sectors, reported Bangkok Post.

 

Photo of Puntid Tantivangphaisal
Photo courtesy of Bangkok Post

 

Source: The Thaiger 

-- 2024-11-16

 

 

[redwood1]

A elderly retired farang expat here still waiting for my 10,000......I know my check should be in the mail any day now...Thank you Thailand.....

[JoePai]

 starting from either 50 or 60 - elderly  🤣

[ronster]

Who keeps the change from all the unclaimed money ??

[hotchilli]

2 hours ago, webfact said:

Thailand's Ministry of Finance is poised to introduce a one-time cash payment initiative targeting the elderly, as confirmed by Deputy Finance Minister Paopoom Rojanasakul. This proposal, amounting to 10,000 baht, will be presented during the upcoming economic stimulus policy committee meeting scheduled for Tuesday, November 19.

And remind me of when the offer of 10K for your vote was made?

Payment will be soon they say?

[Chongalulu]

I'm so grateful to Thailand for stepping in where my home country UK stole my winter fuel allowance in a Scrooge type raid! 🥶 Always helped with the air-conditioning bills previously. 

[crazykopite]

I would have thought the elderly would have been the first to get the 10,000 baht  it seems this was not the case shameful !

[Bobthegimp]

Helicopter money, aka "putting out the (inflation) fire with gasoline".  People also become more reliant on the government and more inclined to go along with its dictates. 

[BrandonJT]

Seems like they're purposely punishing the typical Move Forward Party voter, who tended to be younger and able-bodies.  They promised 10k to everyone, but now the people who didn't vote for them are being left out of the payments.  First they sent it to disabled, and now they are sending it to the elderly, who are all more likely to have voted for a traditional party.

[smedly]

17 hours ago, webfact said:

Thailand's Ministry of Finance is poised to introduce a one-time cash payment

how about every month ?, even 5k per month

[hydraides]

Printing money from thin air......because they can......

 

Potentially could cause very high inflation (10-20% increase+) in the coming month and will hurt thais in the long run