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Bt590 billion sought to boost grassroots economy

Jun 08. 2020
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By THE NATION

Different state agencies have proposed projects worth Bt590 billion to help strengthen the grassroots economy, which is considered one of the main engines to drive the country’s recovery in the fallout of Covid-19, said Thosaporn Sirisumphand, secretary-general of the National Social and Economic Development Council.

The government had initially allocated Bt400 billion for the grassroots economy from its Bt1.9-trillion economic stimulus package.

Thosaporn, who chairs the panel screening the spending of this Bt400 billion budget, said as of June 5 the value of proposed spending was Bt590 billion.

Of the total proposed, 28,311 projects worth Bt372 billion were put forward by provincial agencies and local administrative organisations, while the remaining 91 worth Bt220 billion came from other agencies.

Thosaporn said these projects will be submitted to the cabinet next month, and if there are any additional proposals, they can be submitted in August.

On June 2, the Senate endorsed three emergency decrees for a Bt1.9-trillion economic stimulus package after two days of vetting.

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