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Home » News from Thailand » "The 1.000 baht per person does not help to stimulate the economy"
According to teacher Yuthana of Nida's School of Development Economics, providing 1.000 baht per person, which the government has devised to boost the economy, is hardly effective. That program only helps to stimulate the economy in the short term, but does not contribute much to annual GDP
A further reduction of the interest rate by the Bank of Thailand is much more effective for this, says the teacher. Lowering interest rates seems to be the best course of action for long-term economic stimulation.
The 1.000 baht compensation and a tax break are part of the 316 billion baht package that the government has earmarked to bring economic growth to 3 percent this year.
The 1.000 baht must be spent within two weeks via the Pao Tang application in participating stores in certain provinces, while the 15 percent tax discount is not tied to a province. Both cannot be used in their own province.
Source: Bangkok Post
Is rather to boost the popularity of some persons, in the past people handed out money during the elections now after the elections 555
Indeed, sometimes I also wonder in what year we live here in Thailand and who proposes such outdated measures that ultimately have little or no result.
My wife's family makes grateful use of it and they have a free outing
Last week Friday I didn't know what I saw in the morning at the local Tesco Lotus.
Crowds of people and more people, it seemed as if there was a well-known movie star or something in the store.
Even the motorbike could hardly be parked anywhere.
To be able to pin was already difficult because there were queues in front of the ATM not to pin but to wait in a meters long queue.
The Krungthaibank is located in the Tesco Lotus and is full.
When I got home I told my spouse what I had seen and experienced, she told Santaclaus Prayut is coming to town.
Thaksin was blamed but Prayut copies Thaksin.
At least Thaksin spent the money in a good way to help the people through, among other things, the 30 bath scheme in hospitals.
Jan Beute.
Was in BIG C khon ka today and have never seen it so busy queues of people immediately got 1000 baht on the spot and immediately to spend in BIG C itself.
Think the intention is to keep the people calm by giving a sweet container of 1000 baht, that is my opinion and no different.
But yes 1000 baht !!! it is still better than the 1000 euros from our leader Mark Rutte who never got anyone in the Netherlands??
The 1.000 baht must be spent within two weeks via the Pao Tang application in participating stores in certain provinces, while the 15 percent tax discount is not tied to a province. Both cannot be used in their own province.
That's nice, it has to be done quickly and you still have to travel to another province.
They are even still certain stores in certain provinces.
How much baht do you have to travel to spend 1000?
Moreover, the traffic is frightening with many deaths in Thailand.
Nice.
According to my partner, the intention is to promote domestic tourism, but whether this will happen is questionable. They go with the whole family to the neighboring province - 20 kilometers away - and will get ordinary groceries such as rice, soap powder, etc. and then return immediately. People have to do quite a bit -online- for it, but they are happy with it because they have a low income.
Promoting domestic tourism –
How long and how far can you get with 1000 baht?
Isaan's rice farmer can finally go on holiday too!
Why not promote the economy and let the people
used to go shopping with it in one's own village,
now they go to the supermarket after the next province !!!
Costs unnecessary petrol, time and creates more traffic on the street
and is also bad for the environment.
This is another example of Thai logic.
Now I understand why I saw a few of those kamikaze vans parked in the parking lot at the Tesco Lotus today.
Of course they also rented vans and traveled to our province with a whole group.
Was busy again today at the Krungthai bank, not as much as last Friday.
But in the Lotus itself it was very busy.
Incidentally, I got the impression that many people have never been to a large store like Tesco with us.
They may rarely, if ever, leave the village where they live.
Even felt sorry for those people, because the real problem is the big gap between rich and poor that is not being solved.
This does not only apply to Thailand, by the way.
Wasn't it Bernie Sanders who shouldn't have existed just last week.
Jan Beute.
Indeed Chris, in addition, only large chains such as Tesco - Big C and the like earn money from it.
The local pop and mom shop in their own village does not benefit, even loses it even worse.
Since that bottle of cooking oil and pack of washing powder are now getting away from the Tesco and not from them.
Jan Beute.
Yes what to say to that. 1000 baht for us, converted to 30 euros, is peanuts and will be spent before they know it. My wife will soon be able to retire in Thailand for her pension and that will be 600 baht per month. In the Netherlands, things are already bad with the average pension of 800 euros, but this takes the cake. It really is time for reforms and then measures that matter and not these kinds of gifts.