Thailand’s Finance Ministry to propose two economic stimulus packages
Tomorrow, Thailand’s Finance Ministry will propose, to the Centre for COVID-19 Situation Administration (CCSA), two stimulus packages aimed at reviving the declining economy during the last quarter of the year.
Finance Permanent Secretary Krisana Jinavijarana said today (Tuesday) that the Finance Ministry had agreed to roll out the “shim-shop-chai” (Taste-Shop-Spend) scheme, revamped in co-pay form, and the “shop-chuey-chart” (Shop to Help the Nation) scheme, with cash refunds or tax deductions for shoppers.
He said that the Shop to Help the Nation scheme will target shoppers and taxpayers with purchasing power and encourage them to spend.
The two stimulus packages, plus the reopening of the country to selected groups of foreign tourists, will hopefully stimulate the economy for the final quarter of the year which, in turn, will help reduce the full year’s economic contraction.