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Govt plans B225bn stimulus to rescue virus-hit economy

A man and a child are seen in a house in the Klong Toey slum in Bangkok on Tuesday. (Reuters photo)

The government is planning to spend almost a quarter of a trillion baht in providing financial relief to low-income groups to cope with the economic hit from the biggest Covid-19 outbreak sweeping the nation since the pandemic began.

The cabinet gave in-principle approval on Wednesday for fiscal stimulus measures including extension of two cash handout programs by a month at a cost of 85.5 billion baht. It also proposed 140 billion baht worth of spending for co-payment and e-voucher programs and more cash handouts to welfare cardholders and special groups to stimulate domestic consumption, officials said.

The measures will be taken up by the cabinet for approval in coming weeks, according to Prime Minister…

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