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Stimulus measures primed as economy falters

Published July 17, 2019

The Fiscal Policy Office has completed economic stimulus measures and will submit them to the incoming Cabinet as soon as possible, says incoming Deputy Prime Minister Somkid Jatusripitak.

The two measures consist of a fiscal package to be implemented by the Finance Ministry and a financial aid package including loans, to be administered by the Government Savings Bank, the Bank for Agriculture and Agricultural Cooperatives and the Small and Medium Enterprise Development Bank of Thailand.

Somkid said that economic growth in the first quarter had fallen to 2.8 per cent, as reported by the National Economic and Social Development Council. He forecast second-quarter growth of 2.8-2.9 per cent.

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Created at 2019-07-21 21:52:07