Cabinet to launch second phase of co-payment stimulus on December 16th
Thailand’s cabinet approved the second phase of the 50:50 co-payment scheme for 15 million Thais today (Tuesday), including five million new applicants, and the amount to be wired into their bank accounts is to increase from 3,000 baht to 3,500 baht.
Government spokesman Anucha Burapachaisri said that the current 10 million recipients of the stimulus funding, who are now receiving 3,000 baht, will get an extra 500 baht.
Registration for the new applicants will begin on December 16th and the scheme will expire at the end of March.
The first phase of the scheme has been very popular among both consumers and traders, because the scheme has boosted spending and reduced living costs during an economic slump.