Fri, January 28, 2022

business

4th phase of shopping subsidy can be expected on Valentine’s Day


The fourth phase of the government co-shopping subsidy “Khon La Khrueng” (Let’s Go Halves) may arrive sooner than scheduled, Finance Minister Arkhom Termpittayapaisith said on Friday.

“The ministry is considering moving the registration date for the new round of Let’s Go Halves to mid-February, probably on the 14th as a Valentine’s gift to Thai people,” he said. “After registration, the system will take about a week to verify the information and registrants can start spending by the end of February or early March.”

The fourth phase was initially scheduled to kick off in March.

Under the scheme, the government will cover 50 per cent of the bills for food, drinks and basic necessities capped at up to 150 baht per day when payments are made via the Pao Tang application at participating shops.

A source from the Finance Ministry said that unlike the previous phases, which capped the total subsidy at 3,000 baht per person, this phase will only provide a total of 1,500 per person but will not limit the number of registrants.

Those who were approved for the third phase will have to re-apply for the fourth one, while all approved registrants are required to spend their subsidy within three months.

Arkhom added that the ministry planned to use the 10 billion baht or so leftover from the third phase of the scheme and what’s left of the loan taken to stimulate the economy to fund the fourth phase.

“The proposed budget and registration date will first be approved by the Office of the National Economic and Social Development and then by the Cabinet before the fourth phase can be officially announced,” said Arkhom.

Published : January 15, 2022

By : THE NATION