Co-payment scheme to fortify GDP

Co-payment scheme to fortify GDP

Programme to stimulate B105bn

The two phases of the co-payment scheme are projected to increase GDP by 0.32 percentage points, causing spending worth 105 billion baht to be injected into the economy.

The cabinet on Tuesday approved a 43.13-billion-baht budget to stimulate the economy through extension of the co-payment scheme, which subsidises 50% of food and goods purchased at small shops, and the state-sponsored welfare card programme for low-income earners.

Of the 43.13 billion baht, 22.5 billion is to be allocated for the second-phase co-payment scheme, and 20.6 billion for the state welfare card programme.

The second-phase co-payment scheme will use funds allocated from the 400-billion-baht sum designated for economic and social rehabilitation under the 1-trillion-baht…