Thailand cabinet approves $360 millionn handouts to help low-income earners

The cash will be distributed to 5.4 million people earning up to 100,000 baht ($2,819.3) a year, Nattaporn Jatusripitak, an adviser to the commerce minister, told reporters.

By: Reuters | Bangkok | Published:November 22, 2016 1:00 pm

Thai cabinet on Tuesday approved 12.8 billion baht ($360.87 million) in cash handouts to help low-income earners, the latest bid by the military government to boost consumption in the struggling economy.

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The cash will be distributed to 5.4 million people earning up to 100,000 baht ($2,819.3) a year, Nattaporn Jatusripitak, an adviser to the commerce minister, told reporters.

Prime Minister Prayuth Chan-ocha also told reporters the government was planning additional measures to boost year-end spending.