The 500 billion baht handout scheme in Thailand is aimed at providing an economic boost, rather than specifically targeting vulnerable groups, according to a finance ministry official. Paopoom Rojanasakul, secretary to the finance minister, made this statement in response to a question about a news report suggesting that the central bank had raised concerns about the handout plan. The central bank had mentioned at a press conference earlier that it had no objection to stimulus measures but preferred them to be targeted for specific groups.
The goal of the handout scheme is to support the broader economy and encourage growth. While there have been concerns raised by the central bank about the need for targeted assistance, the government is committed to implementing measures that will benefit the economy as a whole. The 500 billion baht handout scheme in Thailand has been designed as a stimulus package to support economic growth. By providing financial support through this scheme, the government hopes to stimulate economic activity and aid in the country’s recovery from the impact of the COVID-19 pandemic.
