Bangkok Post
Cabinet approves B43bn consumer subsidy extension
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The cabinet has approved a 43-billion-baht extension of the government’s Thai Chuay Thai Plus co-payment scheme for October and November, along with an additional 700-baht allowance for state welfare cardholders in October, Finance Minister Ekniti Nitithanprapas said on Tuesday.
Key facts
- The cabinet has approved a 43-billion-baht extension of the government’s Thai Chuay Thai Plus co-payment scheme for October and November, along with an additional 700-baht allowance for state welfare cardholders in October, Finance
- The extended 60/40 scheme will provide eligible participants with up to 1,000 baht to spend on qualifying food, beverages, goods and services at participating shops through the end of November
- Mr Ekniti said he remained confident that the economy would expand by 2.5% this year, in line with the Finance Ministry’s forecast issued in July.
- The measure will be financed with remaining funds from relief projects under a broader 400-billion-baht borrowing plan designed to address the impact of the energy crisis and support Thailand’s energy transition.
Summary
The extended 60/40 scheme will provide eligible participants with up to 1,000 baht to spend on qualifying food, beverages, goods and services at participating shops through the end of November. The government will subsidise 60% of eligible purchases, subject to a daily limit of 200 baht per person.
The extension is intended to ease the impact of high oil prices linked to the conflict in the Middle East, support household purchasing power and stimulate the grassroots economy, Mr Ekniti, who is also deputy prime minister, said.