Bangkok (VNA) – Thailand’s Cabinet has approved the first batch of 186 economicstimulus projects worth 92.4 billion baht (3 billion USD) and allocated 15.5billion baht (500 million USD) to support job creation and tourism-relatedprojects.
The Thai Government’s deputy spokeswoman TraisuleeTraisoranakul said the Cabinet on July 8 agreed in principle to okay the firstbatch of economic stimulus projects under the 400-billion-baht emergencypackage to shore up the economy impacted by the COVID-19 pandemic.
These projects cover three areas, including 51.3billion baht to boost the grass roots economy, 20.3 billion baht for financingsustainable development projects, and 22.4 billion baht for boostingconsumption and tourism.
The Cabinet agreed to allocate15.5 billion bahtto finance five projects which are designed to create employment and promotetourism. Other projects will be approved in subsequent Cabinet meetings./.