Thailand’s $13.53 billion handout scheme: A stimulus measure or a missed opportunity for the vulnerable?

Thailand’s 500 billion baht ($13.53 billion) handout scheme is being viewed as a stimulus measure aimed at boosting the economy rather than specifically targeting vulnerable groups, according to a finance ministry official. Paopoom Rojanasakul, secretary to the finance minister, made this statement in response to a question about a news report suggesting that the central bank had raised concerns about the handout plan.

The 500 billion baht handout scheme in Thailand has been designed as a stimulus package to support economic growth. While there have been concerns raised by the central bank about the need for targeted assistance, the finance ministry official emphasized that the overall goal is to boost the economy. By providing financial support through this scheme, the government hopes to stimulate economic activity and aid in the country’s recovery from the impact of the COVID-19 pandemic.