HM the King approves 1.9 trillion baht stimulus for Thailand


A royal endorsement was published in Thailand’s Royal Gazette yesterday saying, “his Majesty the King has approved new stimulus measures and laws to enforce spending worth 1.9 trillion baht, to lessen the impact of the coronavirus (Covid-19) on the economy”.

This will take effect immediately according to the Royal Gazette. Read more about the 1.9 trillion baht stems package HERE.

The measures, were approved by cabinet during their weekly Tuesdaymeeting last week, allowing the government to borrow 1 trillion baht to be used for public health spending and job creation. The Bank of Thailand will also be allowed to lend 500 billion baht to smaller businesses owners and to set up a 400 billion baht fund to support Thai companies.

Thailand has been predicted to lose at least 1.3 trillion baht, (most of it in the tourism sector) and up to 10 million jobs.

SOURCE: Bangkok Post

Covid-19 News

Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.

1 Comment

Leave a Reply


My name is Anukul, I a writer for the Thaiger, I specialise in translation articles and social media, and assisting with our video production. I previously worked at Phuket Gazette and attended BIS international school in Phuket.

Leave a Reply