2000 baht handouts for low-income Thais

PHOTO: The Finance Ministry's cash handout proposal has been approved by the Council of Economic Ministers - The Nation

Thailand’s Council of Economic Ministers today endorsed a Finance Ministry proposal to provide low-income Thais 2000 baht each via an e-payment channel.

Finance Minister Uttama Savanayana said after a meeting this afternoon that there will be a 1000 payment for two consecutive months for low-income earners, farmers and freelancers. The number of people eligible has yet to be calculated.

The cash handout is among the ministry’s first set of relief measures in response to an economy hammered by the Covid-19 coronavirus outbreak.

The ministry will present the full package to the Cabinet next week.

Uttama previously mentioned other measures including soft loans to commercial banks from the Government Housing Bank to be distributed among affected businesses, and tax incentives to discourage companies from laying off staff.

SOURCES: The Nation | The Thaiger

Economy NewsThailand News

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