FRIDAY, March 29, 2024
nationthailand

Stimulus schemes to inject Bt180bn in fourth quarter

Stimulus schemes to inject Bt180bn in fourth quarter

The two latest economic stimulus measures will inject about Bt180 billion into the Thai economy in the fourth quarter, the government announced on Friday.

The “Khon La Khrueng” (Let's Go Halves) subsidised-shopping scheme and the personal-income-tax-deduction scheme are expected to inject Bt60 billion and Bt120 billion, respectively, said government spokesman Anucha Burapasri.

The “Khon La Khrueng” scheme, which runs from October 23 to December 31, offers about 10 million citizens discounts of up to Bt150 per day on purchases at participating stores, capped at Bt3,000 throughout the period.

As of Thursday (November 12), the scheme had racked up Bt13.4 billion in shopping purchases, half of which (Bt6.8 billion) was paid by the government. Registered shoppers have spent an average Bt208 daily.

The second scheme grants deductions on personal income tax of up to Bt30,000 per person. It runs from October 23 until December 31 and applies for the 2020 tax year. Around 4 million people will be eligible for this scheme.

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