Prayut urgently announces 3 measures to help people

Dear people, dear people.

On today (5 May ’64) there was a cabinet meeting. Which is an important agenda for the meeting Helping a large number of people who have been inevitably affected by the closure of sites in accordance with epidemic prevention and control measures. Which before the Cabinet meeting today I have made an order with the Ministry of Finance. And the National Economic and Social Development Council To consider urgently additional measures to help and remedy the people Which can be summarized as a measure that was presented to the Cabinet for consideration today as follows.

Phase 1 Measures: There are 3 main measures that can be taken immediately:

Measure 1. There are two financial measures:

1.1 COVID-19 credit loan measures in total amount of 20,000 million baht to increase liquidity for both people, entrepreneurs and farmers by Government Savings Bank and Bank for Agriculture and Agricultural Cooperatives. Provide loans to the public of 10,000 baht per person with a more lenient basis than normal loans, 0.35% interest per month for a period of 3 years, free of payment for both principal and interest in the first 6 months.

1.2 The debt moratorium of Specialized Financial Institutions or SFIs by requiring SFIs to extend the repayment period for the debtor. Out until the end of this year to reduce the burden and be able to use the money to pay the debt to enhance liquidity. Which will from the effects that occur To take care of the debtor appropriately

Measure 2. Measures to relieve the burden of expenses The government sector will reduce the cost of electricity. And the people’s water supply And small businesses across the country During the months of May – June 2021 in order to reduce the burden of public expenses and closed businesses.

Measure 3. Continuous measures to provide relief to the people, consisting of 2 projects with a total amount of approximately 85,500 million baht, which are

3.1 Increasing the project limit, we win another 1,000 baht per week for a period of 2 weeks, ending the spending time in June 2021, the total amount is approximately 67,000 million baht.

3.2 Adding assistance to insured persons in the project, Moo 33, we love each other 1,000 baht per week for a period of 2 weeks, ending the spending time in June 2021, the total amount is approximately 18,500 million baht.

As for the Phase 1 measure, today the Cabinet has approved the implementation of both financial measures as proposed by the Ministry of Finance. And agreed to take measures to reduce the cost of water and electricity during the months of May – June.

For adding money to the project, we won and the Project 33, we love each other. The department in charge of the project will expedite the project to be considered step by step. Which I have scheduled to be put into the cabinet hearing next week.

There will also be other ongoing measures. Such as helping the debtor By extending the period of measures to help borrowers fight COVID until the end of this year And reduced interest rates to 0.01%, which will have benefited from this measure approximately 3 million people, including compensation for insured persons under Section 33 to detain or have to stop working.

In addition to short-term projects The government also plans to continue to help the people until at least the end of the year with Phase 2 measures: during July – December 2021, which is expected if we work together to fully limit the outbreak. The situation of the epidemic is likely to be eased to the level that measures can be taken in phase 2, with measures in phase 2 consisting of two main measures, a limit of 140,000 million baht, which are:

1. Measures to reduce the cost of living, consisting of 2 projects:

1.1 Project to increase purchasing power for those who have State Welfare Card Phase 3 by providing additional assistance 200 baht per month for a period of 6 months from July to December 2021 covering approximately 13 million 6 hundred thousand people.

1.2 Project to increase purchasing power for those who need special assistance By providing additional assistance 200 baht per month for a period of 6 months from July to December 2021 covering approximately 2 million and 5 hundred thousand people

2. Economic recovery measures By stimulating purchasing power of middle and high income people, consisting of 2 projects:

2.1 Half of each project Phase 3: This project is familiar to everyone. And it’s a very successful project. And cause economic stimulus And directly help the foundation economy

2.2 “More Usable” Project: This project will be a new project. Which the government sector will support electronic vouchers (e-Voucher) to those who are entitled to the project, the more they can use When paying through g-Wallet on the “Bao Tang” app with VAT registered merchants and services that install the participating “money bag” application, the more you can use it. This project will help stimulate domestic consumption through high purchasing power to spend money and support entrepreneurs in the VAT system.

The above four measures in Phase 2 will cover more than 51 million target groups and expect approximately 473 billion baht into the economy, which will help SMEs with VAT registration. Can have an opportunity to sell a product And more services

The measures in phase 2 of this cabinet have been acknowledged in principle. And the responsible agency will accelerate the process of seeking approval from the cabinet and all this Is a full-fledged operation of the government In helping people who are affected by the economy I am the prime minister Will never give up or be discouraged Whether faced with any problem And will not stop thinking and doing to help solve problems for all people. For the future of Thailand after a stable and strong COVID