Government ‘has enough money’ to help Covid victims
Yesterday, Finance Minister Arkhom Termpittayapaisith gave assurances that the government has enough money to continue funding Covid relief programs and revive the economy.
Mr Arkhom said the remaining 400 billion baht from the trillion baht loan guaranteed by the state of emergency was enough to take care of those in need.
He added that the government is also considering a third expansion of the popular Kon La Krueng (half and half) co-payment system.
Kon La Krueng subsidizes people’s spending for consumer purchases and ruled out the need to issue another executive decree to borrow more money.
Other measures – a mix of relief and economic stimulus – were in the works to support the economy, he said, and it was only a matter of getting them started at the right time.
Mr Arkhom said there were also funds remaining in Rao Chana and Rao Rak Kan’s financial aid programs from previous Covid-19 documents.
Rao Chana aims to provide 7,000 baht in grants to citizens affected by the pandemic.
Rao Rak Kan is a financial remedy to help employees covered by Article 33 of the Social Security Law.
Mr Arkhom said the new outbreak was being watched closely to see how long it would likely take before the virus was contained.
This in turn would help determine whether the country remains on track to meet its 4% economic growth forecast for 2021, the minister said.