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Govt eyes sustainable economic stimulus measures

Aug 17. 2020
Supattanapong Punmeechaow
Supattanapong Punmeechaow
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By The Nation

The government is planning to launch stimulus measures especially for people and businesses who are in trouble due to the Covid-19 outbreak.

“The measures will aim to make the economy more sustainable in line with the prime minister’s policy. The budget allocated will remain the same, but will be disbursed in a better manner,” Deputy Prime Minister Supattanapong Punmeechaow, who is also energy minister, said.

Finance Minister Predee Daochai said his ministry’s role will be to support government measures within the framework of financial discipline. The economy is facing problems because investments have all but disappeared and exports have contracted due to slowdown in other economies.

“The Thai economy is affected more than others because the economic structure is different. We rely on exports and tourism, and recovery will not be seen until there is an end to Covid-19,” he said.

Predee admitted that the government measures to stimulate the economy will be limited financially, though the administration’s finances are still strong.

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