Prior to the stimulus package approved today, Thailand introduced two stimulus packages last month – an injection of 400 billion baht into the economy and a 117 billion baht package that included 45 billion baht cash handouts for three million workers. – EPA pic, April 7, 2020.
THAILAND today approved its third stimulus package worth 1.9 trillion baht to alleviate the economic impact of the Covid-19 outbreak in the country. Finance Minister Uttama Savanayana said the package included a law to borrow 1 trillion baht through bond issuance and central bank measures of 900 billion baht to provide soft loans and corporate bonds.
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