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Thailand maps out third stimulus package

Thailand’s relevant agencies, including the finance ministry and central, bank are working to revise a new stimulus package in order to reduce the impact of the COVID-19 pandemic worth more than 500 billion baht (15.3 billion USD).
Thailand maps out third stimulus package ảnh 1A woman wearing a protective face mask waits for customers in Bangkok. (Photo: Reuters)

Hanoi (VNA) – Thailand’s relevant agencies, including the finance ministryand central, bank are working to revise a new stimulus package in order to reducethe impact of the COVID-19 pandemic worth more than 500 billion baht (15.3billion USD).

The country already introduced two packages, the first to inject 400 billionbaht into the economy and the second, worth 117 billion baht, to include cashhandouts.

Finance Minister Uttama Savanayana told a press conference on March 30 that he couldnot tell the size yet as the relevant agencies are working on it.

According to the minister, Thailand has no plans to borrow from the InternationalMonetary Fund (IMF) as its fiscal position is strong and it is able to tapother funding sources, including the fiscal budget.

Thailand's central bank expects the economy to contract 5.3 percent this year,which will mark the first shrinkage since the global financial crisis in 2009./.
VNA
#Thailand#COVID-19 pandemic#Finance Minister Uttama Savanayana#International Monetary Fund#fiscal budget#Vietnam#VietnamPlus#Viet Nam News
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