Cabinet set to consider Bt80-bn worth of economic recovery projects
The first lot of state projects to be proposed to the Cabinet is expected to use about Bt80 billion of the economic recovery budget, the National Economic and Social Development Council (NESDC) secretary-general Tossaporn Sirisamphan said.
The government has earmarked Bt400 billion of the Bt1.1 trillion economic stimulus package for state agencies to develop projects to revive the virus-hit economy.
Tossaporn said that as of Wednesday (June 24), state agencies had proposed 46,429 projects worth Bt1.45 trillion. However, the working panel tasked with screening okayed 213 projects worth Bt101 billion in the first round, before handing the list to the screening committee, which is expected to cut the projects down to Bt80 billion before tabling them during the Cabinet meeting on July 8.
These projects are expected to create 410,000 jobs.
Of the Bt1.1 trillion stimulus package, Bt550 billion has been earmarked to help those affected by the Covid-19 pandemic, Bt400 billion for reviving the economy and Bt4.5 billion for public health. So far, the disbursement of Bt360 billion was approved.
