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Sunday, April 28, 2024

Thailand kicks off 2nd phase of co-pay scheme spending subsidy

The second phase of the scheme will run for three months from January to the end of March while the Ministry of Finance projects that the effort will help the nation see 3.5-4.5 percent economic growth in 2021.

Many people able to spend in the second phase of the co-pay scheme for the first time (January 1) were seen making full use of the program today at markets and shops.

Use of the second phase of the co-pay scheme designed by the government to stimulate economic activity and ease daily living costs got underway today, with people around Huay Kwang market making full use of the program to buy fresh food for meals during the holiday. Vendors reported an uptick in business, noting that an increase in the program’s individual spending limit to 3,500 baht, further encouraged activity.

The second phase of the scheme will run for three months from January to the end of March….

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