This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.  
  • Delicious




Multi-Billion Dollar Stimulus Package Approved By Thai Parliament

by Mary Swire, Tax-News.com, Hong Kong

02 February 2009

It has been revealed this week that the Thai government has given approval to an economic stimulus package worth THB116bn (USD3.3bn).

The package will aim to reverse the financial damage caused by the months of lengthy protests and airport seizures which took place last year.

Debate amongst MPs over the contents of the package took around 11 hours, with it finally gaining the approval of 238 out of the 455 present in Parliament - although it must go through two more readings before it can be officially implemented.

The package will merge a host of measures aimed at low-income earners, including tax cuts, education loans and transport subsidies.

The country's Prime Minister, Abhisit Vejjajiva, has expressed hope that the package will receive official approval in February, with the effects coming into force as early as March.

.

 

 






Write a comment