Deputy Prime Minister Somkid Jatusripitak said fresh measures include a higher budget for Village Funds, soft loans for water resource development and a new phase of the Taste-Shop-Spend stimulus scheme. "More stimulus measures are still needed." The cabinet on Nov 26 approved 144 billion baht in stimulus measures, aiming to boost full-year economic growth to 2.8% and maintain momentum in the first quarter. The measures include an allocation of 200,000 baht each to 71,742 Village Funds nationwide, worth some 14 billion baht. He said the Village Funds should invest more in projects such as reservoirs, small dams, community tourism spots, rice mills and machinery to process farm products.

Source: Bangkok Post February 12, 2020 23:03 UTC