By The Nation
The Cabinet on Tuesday approved an increase in the budget for the “Baan Mankong” housing programme from Bt80,000 per family to Bt89,800, effective from the fiscal year 2020, which commences on October 1, 2019.
The revised subsidy would increase the government budget for the housing scheme, which runs from 2017 until 2036, by 11.9 per cent to Bt6.5 billion, said Nattaporn Jatusripitak, a spokesman for Deputy Prime Minister Somkid Jatusripitak.
He added that the project targeted supporting 690,000 families nationwide to develop and improve their residences and the infrastructure around their communities.
“The Cabinet has approved an increase to the budget now, as construction raw material prices are rising," he said.