"Ministry of Finance"

The government’s latest shopping stimulus scheme got off to an underwhelming start on Monday, with only 296,003 people registering for “Ying Chai Ying Dai” (Spend More, Get More).

The Finance Ministry slashed its 2021 GDP growth forecast from 2.8 per cent to 2.3 per cent on Thursday, citing the impact of fresh Covid-19 outbreaks on the Thai economy.

The Finance Ministry has reminded people to spend their remaining credit from the co-payment shopping scheme before it expires on March 31.

The Ministry of Finance estimates that the number of people registering for the state welfare card will rise due to the fallout of the Covid-19 situation.

Seven million people had registered for the RaoChana (We win) cash handout campaign as of noon on Saturday.

The Ministry of Finance has warned people not to download the “RaoChana” mobile application.

The Ministry of Finance is planning to propose to the Cabinet a handout scheme tailored for specific groups who have been affected by the new wave of Covid-19, a source revealed.

The government’s subsidised shopping scheme, as part of stimulus measures to lift the economy, has facilitated spending amounting to Bt33.75 billion as of December 2.

The country’s outstanding public debt stands at Bt7.84 trillon, or 49.34 per cent of gross domestic product (GDP), a Ministry of Finance announcement said on the Royal Gazette website on Friday.

The Public Debt Management Office (PDMO) has dismissed claims published in the www.siamtopicnews.com that the government is planning to borrow Bt3 trillion in 2021.

The Ministry of Finance on Friday warned people against revealing personal information to fraudsters pretending to be government officials offering Bt2,000 cash as Covid-19 relief.

The large number of foreign tourists visiting each year includes a large group that has started to look at condominiums to buy, so they can have a place to stay when they visit Phuket.Some also sought additional rental income when they were not in residence.