The government plans to announce initiatives to reduce living costs and boost the economy in an upcoming Cabinet meeting. Deputy Finance Minister Julapun Amornvivat revealed these measures would involve changes to diesel and electricity prices.
A reduction in diesel excise tax is under consideration to lower retail prices at the pump and help the economy. A potential freeze on government debt payments to the Electricity Generating Authority of Thailand (EGAT) is also being discussed. This would ease EGAT’s burden, as it has been subsidizing household electricity rates since September 2021, costing around 135 billion baht.
The Pheu Thai Party‘s proposition to stimulate the economy by distributing 10,000 baht in digital cash was addressed by the party’s acting deputy leader, Kitti Limsakul, a member of the party’s policy committee. He stated…
