In a critical move to further boost Thailand’s economic performance this year, the Thai government aims to surpass its growth target of 3%, announced Finance Minister Pichai Chunhavajira following the economic stimulus policy committee meeting.
In pursuit of bolstering exports by over 4%, Pichai emphasized that a depreciating baht would aid in reaching this objective.
As the country entered the subsequent phase of its stimulus effort, Pichai revealed that financial support would transition from traditional cash to a “digital wallet” format. This new phase targets young citizens aged between 16 and 20 years and is scheduled to roll out by late second quarter or early third quarter.
According to the Deputy Finance Minister, the upcoming handouts are projected to benefit 2.7 million individuals. The Deputy Finance Minister also expressed confidence that the economic growth for the first two quarters of this year would show significant strength.
