Photographer: Andre Malerba/Bloomberg
Photographer: Andre Malerba/Bloomberg
Thai cabinet signed off on a $7 billion cash handout program to help millions of low-income people weather the impact of control measures imposed to contain a new wave of Covid-19 infections.
An estimated 31.1 million people, including welfare-card holders, farmers and informal sector workers, will benefit from the direct cash transfer. The financial assistance is seen boosting gross domestic product by 0.5 to 0.6 percentage point, Finance Minister Arkhom Termpittayapaisith said Tuesday. Taken together with a previously announced co-payment program, government spending will bolster growth by 1 percentage point, he said.
“This program is aimed to help reduce the cost of…
