Bangkok Post
Monthly borrowing for stimulus
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The Finance Ministry is preparing to gradually borrow funds for the "Thais Help Thais Plus" programme, says finance permanent secretary Lavaron Sangsnit.
Key facts
- The Finance Ministry is preparing to gradually borrow funds for the "Thais Help Thais Plus"
- The ministry plans to conduct borrowing on a continuous monthly basis, aligning with the project's actual spending, he said on Tuesday.
- With a budget allocation of 120 billion baht, the government subsidises 60% of spending on food, beverages, goods and approved services, while participants pay the remaining 40%.
- The interest rate on the PNs, based on the Thai Overnight Repurchase Rate plus a spread, is roughly 1.2%, which is considered relatively low.
Summary
The ministry plans to conduct borrowing on a continuous monthly basis, aligning with the project's actual spending, he said on Tuesday.
The borrowing will be carried out gradually over one year, as the emergency loan decree is valid for one year from the date of publication in the Royal Gazette, said Mr Lavaron, adding current interest rates are relatively low at no more than 2%.