Cabinet approves Bt130-bn stimulus package: Somkid
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The Cabinet Tuesday approved a Bt130-billion worth stimulus package, Deputy Prime Minister Somkid Jatusripitak said.
He said the Cabinet approved the package as proposed by the Finance Ministry.
The package has two parts. First, it would increase purchasing power of the low-income people and farmers, Somkid added. The second part of the package is aimed at encouraging the businesses to invest much more.
“The government wants to help the low-income people and wants to see tambon and villages to have sustainable developments,” Somkid said.
He said the money would be used for the communities to develop their products and tourist spots.
He said the Bt130 billion money would be injected to the economic system within this year.
“This is the first phase of measures for alleviating hardship of low-income people. In one or two weeks, the second phase for helping SMEs will start and the measures of the second phase will be sent to the Cabinet for approval,” Somkid said.
