Thailand expects to distribute 140 billion of baht in handouts in Q2 next year

THAILAND expects to conduct the third phase of its cash handout programme in the second quarter next year, during which 140 billion baht (S$5.4 billion) will be distributed, a deputy finance minister said on Wednesday.

Stimulus measures will help the economy grow 3 per cent next year, Julapun Amornvivat said, adding that full-year growth in 2024 will not exceed 2.8 per cent. About 14.5 million have so far received their payments of 10,000 baht (S$388.30), of an estimated 45 million who are expected to be take part in the government’s signature stimulus scheme. REUTERS