Paopoom says it’s too soon for World Bank to cut Thailand’s growth forecast

Paopoom revealed that over 10,000 stimulus projects had been proposed, with a total budget value of 400 billion baht. The subcommittee will screen projects for implementation with an initial 157 billion baht budget.

He stated that the subcommittee would make final decisions soon and send the projects to the ESPPC, which is chaired by Prime Minister Paetongtarn Shinawatra, for approval within one to two weeks.

“The final amount to be allocated for economic stimulus cannot be disclosed yet, as we need to spend this amount judiciously, as it is crucial for the economy. The projects must be reviewed with patience and prudence to ensure the maximum benefit for the country,” Paopoom added.

“I hereby affirm that the government is still stimulating the economy continuously and adjusting policies based on the changing situation to maintain both short-term and long-term economic stability.”

 

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