BANGKOK, April 7 (TNA) – The Thai Cabinet approves a 1.9
trillion-baht economic stimulus package to ease the impacts of the Covid-19
crisis.
Prime Minister Prayut Chan-o-cha chaired the weekly Cabinet
meeting on Tuesday to consider phase 3 of stimulus measures to cope with the
coronavirus outbreak.
The main part of the package is a decree allowing the
government to borrow 1 trillion baht to fund public health improvement efforts
and stimulate the economy.
Other two decrees pave the way for the Bank of Thailand to
provide 900 billion baht in soft loans and acquire corporate bonds.
Cabinet ministers also agreed to adjust budget allocations
to best suit the current state of the economy and alleviate the Covid-19
impacts. Each ministry plans to propose
more budgets to fight the pandemic and cutback budgets that previously
allocated for other areas.
The Ministry of Finance has proposed a tax exemption for
imported equipment that will be used for Covid-19 prevention or diagnosis.
As of Tuesday, Thailand records 38 new coronavirus cases,
totaling 2,258, and 27 deaths. (TNA)
