Total Stimulus Package Thailand

Thailand s parliament approved a 1 9 trillion baht us 59 7 billion stimulus package the kingdom s biggest ever cash injection as southeast asia s second biggest economy is expected to contract by 6 to 7 per cent in 2020.

Total stimulus package thailand. Phase 1 package was issued in march 2020 and valued at 100 billion baht which provides financial assistance to small and medium sized smes businesses tax relief and cash handouts. Prime minister prayut chan o cha chaired the weekly cabinet meeting. Bangkok the thai cabinet approves a 1 9 trillion baht economic stimulus package to ease the impacts of the covid 19 crisis.

The thai government issued its third covid 19 stimulus package on april 7 2020 valued at 1 9 trillion baht us 58 billion. Thailand has previously issued phase 1 and phase 2 stimulus packages to counter covid 19. This latest package named phase 3 is equivalent to 10 percent of gdp.

The country has already issued two stimulus packages phase 1 and phase 2 to counter covid 19. Thailand plans new borrowing of 1 trillion baht 30 6 billion for its latest stimulus package to tackle the economic impact of the coronavirus outbreak. 1 trillion baht us 30 billion was provided through bond issuance and 900 billion baht us 27 8 billion from the central bank bank of thailand bot.

The lower house of parliament on sunday may 31 voted to approve three key emergency decrees providing financial support to businesses and people hit by the covid. Thailand s cabinet approved a stimulus package on tuesday worth an estimated 12 7 billion to help alleviate the impact of the coronavirus epidemic on already faltering domestic activity. As of yesterday thailand had reported 1 524 cases of coronavirus and nine deaths as a result of the outbreak.