BANGKOK: Once the government allocates substantial funds for its flagship digital wallet handout, spending on other projects will be reduced, says finance permanent secretary Lavaron Sangsnit.
Bangkok Post - Handout funding to diminish spending on other projects bangkokpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bangkokpost.com Daily Mail and Mail on Sunday newspapers.
The government will roll out a package of stimulus measures as "New Year gifts", including tax rebates for shoppers, reductions in land and building taxes, and property transaction fees to boost public consumption and the economy over the coming year.
The Thai government still has room to borrow another 1.3 trillion baht ($38.3 billion) before it reaches the 70 per cent ceiling of public debt as a ratio of gross domestic product (GDP), a source from the finance ministry said.