Cabinet considers economic stimulation measures

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BANGKOK, Oct 1 Economic stimulation measures were proposed to the cabinet at today’s meeting chaired by Prime Minister Gen Prayut Chan-o-cha.

Deputy Prime Minister Pridiyathorn Devakula who proposed them believed they will expand the national economy by 4-5 per cent next year.

Mr Pridiyathorn said the measures would focus on creating jobs and increasing the public’s purchasing power.

They will also result in active investment in public utilities, hospitals, schools and transport systems.

About Bt149 billion of the investment will come from earlier unspent budgets.

The economic stimulation measures also include fast approval for investment projects worth over Bt400 billion earlier proposed to seek promotional privileges from the Board of Investment (BoI).

Besides, the government will organize bidding contests next year to invite the private sector to invest in eight electric railway projects.

They are also included in the economic stimulation measures.

The cabinet will also consider a 2 billion baht Ministry of Agriculture and Agricultural Cooperatives project for immediate economic stimulation. Under the project, the ministry will create jobs in non-irrigated rural areas and implement agricultural zoning plans.