Nation Thailand
Anutin says 400bn-baht loan will not burden public as Thais Help Thais Plus joins delivery apps
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Prime Minister Anutin Charnvirakul sought to reassure the public on Monday that the government’s 400-billion-baht borrowing plan would not become a burden on households, saying the loans would be entirely baht-denominated, carry low interest costs an
Key facts
- His remarks came as he presided over a Government House event promoting Thais Help Thais Plus (60/40) on food-delivery platforms, a move aimed at boosting grassroots spending, helping small businesses increase sales and making the subsidy
- He added that the Finance Ministry had earlier estimated the interest rate would not exceed 3% per year, but high liquidity and large deposits in the financial system had enabled the government to secure funds at an average interest rate
- Under the Thais Help Thais Plus (60/40) model, the government subsidises 60% of eligible spending while consumers pay the remaining 40%.
- Although the money would be borrowed under the emergency decree authorising the Finance Ministry to raise 400 billion baht, he said the borrowing would be entirely in baht, meaning there would be no foreign-exchange risk.
Summary
Prime Minister Anutin Charnvirakul sought to reassure the public on Monday that the government’s 400-billion-baht borrowing plan would not become a burden on households, saying the loans would be entirely baht-denominated, carry low interest costs and be repaid by the government without new measures that would raise people’s cost of living.
His remarks came as he presided over a Government House event promoting Thais Help Thais Plus (60/40) on food-delivery platforms, a move aimed at boosting grassroots spending, helping small businesses increase sales and making the subsidy scheme more accessible through digital channels. The event was held at the Santi Maitri Building, Government House, with representatives from the Finance Ministry, financial institutions and private-sector partners attending.