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MONDAY, September 26, 2022
Another economic stimulus package in the works

Another economic stimulus package in the works

WEDNESDAY, January 06, 2021

The government is expected to announce a fresh economic stimulus package in the next couple of weeks to mitigate the impact of the second wave of Covid-19, a senior official of the National Economic and Social Development Council (NESDC) said.

NESDC deputy secretary-general Danucha Pichayanan said that the concerned economic agencies were jointly drawing up the new packages. They need a couple of weeks to finish evaluating the impact of tighter controls in 28 "red-coded" provinces and other related measures to curb the outbreak, as well as related economic indicators, he said.

Of the total Bt1-trillion borrowing last year to deal with the fallout of the Covid-19 outbreak, the government still has a budget of Bt200 billion earmarked for remedying those affected by the outbreak and another Bt400 billion allocated for economic revival. It will evaluate if it needs to add the Bt400 billion to the Bt200 billion for alleviating the problems of people impacted by Covid-19.