Medical workers at a COVID-19 vaccination site in Bangkok, Thailand, on April 7 (Photo: Xinhua/VNA) Over the previous 24 hours, there were 1,896 infectionsdetected in the general public and 1,498 in prisons.
Since the third COVID-19 wave started at the beginning ofApril, there have been 88,086 cases in the Southeast Asian country.
The Thai cabinet has approved the draft of an executivedecree authorising the government to borrow an additional 700 billion THB (22.25 billion USD) to revitalise the economy battered by the latest wave ofCOVID-19 infections, Bangkok Post quoted a government source as saying.
The draft was tabled at a cabinet meeting on May 18,chaired by Prime Minister Prayut Chan-o-cha.
The decree will authorise the government to borrow themoney to rehabilitate the virus-hit economy as well as fund schemes to helppeople and entrepreneurs affected by the third wave of the pandemic which hasbeen more severe than the two previous rounds, the source said.
Of the 700-billion-THB loan, about 30 billion THB willbe earmarked for the procurement of medical supplies, vaccine shots, researchand the renovation of hospitals, it added.
With the new loan, public debt, at the end of September,is estimated at 9.38 trillion THB or 58.6 percent of the GDP which is close tothe fiscal sustainability framework ceiling of 60 percent.
The reason for issuing the new loan decree is because thegovernment has almost used up the 1-trillion-THB loan under the decree issuedlast year to ease the economic impact during the first wave of COVID-19,according to the source.
On May 11, the cabinet approved the disbursement of about834 billion THB under the 1-trillion-THB loan decree, with 166 billion THB remaining./.
VNA
