Prime Minister Gen Prayut Chan-o-cha last announced that more than 40 billion baht is being spent on projects aimed at boosting the grassroots economy.
The Thai Premier disclosed that the government had approved a budget of more than 40 billion baht, 90 percent of which has already been disbursed. The money is being spent on projects that are expected to trigger domestic economic activity such as the “Five Million Baht Per Tambon” initiative.
In terms of agriculture, Gen Prayut said the government has procured agricultural equipment to be lent to local farmers. It is intended to help the man on the land reduce production costs, so that they can increase their profit margins when selling their crops.
He pointed out that if the production costs remain high, farmers will remain either poor or in debt.
He explained that the government’s intention is to empower marginalized communities to take charge of their own livelihoods and economic future.