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Thailand Finance to propose more stimulus packages to boost economy

The Finance Ministry is to propose more economic stimulus packages to the Cabinet for approval tomorrow to boost economy.

Under the stimulus packages, the ministry expects over a million people will be benefited.

Somchai Sujjapongse, the permanent secretary for Finance, said that the ministry would submit more stimulus measures to the Cabinet tomorrow.

According to the NNT, the measures aimed at stimulating the economy this and next year, and expect that around one million people will be benefited.

He was confident that the measures would result in a 3.4% economic growth in the last quarter and steer the economy forward.

In addition, he said many infrastructure investment projects by the government in 2017 would also increase next year’s growth rate increase to 4% from 3.4% this year.

Source: http://englishnews.thaipbs.or.th/finance-to-propose-more-stimulus-packages-to-boost-economy/

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