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Wednesday, May 1, 2024

State aims to expedite consumer spending

The government is mulling a faster rollout of the fourth phase of the “Khon La Khrueng” co-payment subsidy scheme to stimulate spending.

Deputy Prime Minister Supattanapong Punmeechaow said yesterday the government is studying expediting the co-payment scheme to pump up consumer spending amid the Omicron outbreak.

On Dec 21 last year, the cabinet approved in principle the fourth phase of the co-payment subsidy after the third phase expired at the end of 2021.

The fourth phase is scheduled to run between March and April this year.

Deputy Finance Minister Santi Promphat said he has been in talks with related state agencies on the matter.

The co-payment scheme sees the government subsidising 50% of food, drink and general goods purchases for participants.

The total subsidy is limited to 150 baht per person per day.

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