Thailand's $13.5 billion handout aims to boost overall economy, not geared to poor, official says

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Thailand's $13.5 billion handout aims to boost overall economy, not geared to poor, official says
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BANGKOK : Thailand's 500 billion baht ($13.53 billion) handout scheme aims to reach the wider population and boost the overall economy through stimulus, a finance official said on Wednesday, responding to central bank recommendations it be targeted towards the poor.

A woman shop sat a supermarket inside a department store in central Bangkok, Thailand, on Jan 31, 2017. BANGKOK : Thailand's 500 billion baht handout scheme aims to reach the wider population and boost the overall economy through stimulus, a finance official said on Wednesday, responding to central bank recommendations it be targeted towards the poor.

The Bank of Thailand had earlier on Wednesday told a press conference it had no objection to stimulus but wanted it to be targeted.

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