Thailand's New Thai Leader Plans to Scrap US$14bil Cash Handout

Friday, 16 August 2024, 05:00

Thailand's new Thai leader aims to scrap the US$14 billion cash handout, a controversial economic stimulus. This cash giveaway was a key campaign promise. Recent political changes brought this issue to the forefront, raising economic implications for the country.

Thestar — Thailand's New Thai Leader Plans to Scrap US$14bil Cash Handout

BANGKOK: Thailand's new Thai leader plans to scrap an almost US$14 billion cash giveaway that was designed as a key economic stimulus measure. This cash handout was a flagship campaign promise of the previous administration, but ongoing political shifts have obstructed its implementation. The decision has significant economic implications, influencing the financial landscape of Thailand.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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