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Thailand takes additional economic stimulus package

The Thai cabinet has approved an additional stimulus package valued at 5.8 billion baht (191 million USD) with a hope of boosting the economy to close to the country’s target of 3 percent.
Thailand takes additional economic stimulus package ảnh 1Thai Minister of Finance Uttama Savanayana (Source: Bangkok Post)

Bangkok (VNA) - The Thai cabinet has approved an additionalstimulus package valued at 5.8 billion baht (191 million USD) with a hope ofboosting the economy to close to the country’s target of 3 percent.

The package announced includes a 2 billion baht consumption promotionprogramme, reduction of real estate transfer fees worth 2.6 billion baht andlow-interest loans from the Government Housing Bank, valued at 1.2 billion baht,said Finance Minister Uttama Savanayana.

The additional package comes months after the government rolled out a 316billion baht stimulus programme.

Thailand's economy had its weakest annual growth rate in four years, expanding2.3 percent in the second quarter, as exports have declined amid rising tradetensions and a strong baht./.


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