FRIDAY, April 26, 2024
nationthailand

Govt preparing aid for people, businesses in third quarter

Govt preparing aid for people, businesses in third quarter

The government is expecting more negative effects from Covid-19 in the next few months and preparing to compensate businesses and people who have not received aid.

Deputy Prime Minister Somkid Jatusripitak said the Finance Ministry has been tasked with introducing new measures to stimulate consumption and tourism in the third quarter.
“It is very important to stimulate internal consumption and tourism since Thailand can no longer rely on exports,” he said.
Finance Minister Uttama Savanayana said that since the economy has now changed, the question is how to take care of businesses and people for the next six months, how each industry should adjust and how the government should help.
The Federation of Thai Industries, the Thai Chamber of Commerce and the Thai Bankers’ Association have been summoned to discuss economic "adjustments".
Regarding the Palang Pracharat Party conflict, which some people worry may affect investor confidence, Uttama said it was the Finance Ministry’s duty to restore confidence via “progressive, practical projects”.

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