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Thursday, May 13, 2021

Thai government is preparing new stimulus package

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The Thai government wants to continue to financially support the people hard hit by the corona pandemic and boost domestic consumption with a new stimulus package of more than 300 billion baht.

The Ministry of Finance said the government has around 380 billion baht to limit the impact of the pandemic. Of this, 240 billion baht was left from the 1 trillion baht loan, while the rest will come from the government’s tax budget.

Should the Covid-19 outbreak last longer, additional loans would have to be taken out.

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