Thailand is giving cash to low-income families to help fix their economy

Around seven million people (or over 10% of the population) in Thailand live below the national poverty line.

So in a bid to combat this and kickstart the weakening economy, the government have approved plans to give low-income families a one-time payout.

The measure was approved by the military government this week, although no start date has been set (Photograph: Harsha K R via Flickr)

People who earn less than 30,000 baht (£680) each year will be given 3,000 baht (£68), and those who make upwards of 100,000 baht (£2,267) will receive 1,500 baht (£34).

“Don’t think the government is just giving out free money,” prime minister Prayuth Chan-ocha told PA.

“This is a way to support those of low-income in professions.”

This cash handout is said to reach 5.8 million people and will be backed-up by measures such as free public transport to help out some of the poorest people from Thailand.

It will be paid to every citizen, with the exception of rice farmers, who will instead benefit from a multimillion-pound government subsidy which pays them to store their rice so prices remain stable.

People stopped spending as much in shops after King Bhumibol Adulyadej died in October, initiating a year of mourning which left a slump in economic growth.

But Prime Minister Prayuth Chan-ocha hopes the payouts will kickstart consumer spending again.

Mr Prayuth also said the minimum wage would rise next year.

People showing their admiration for King Bhumibol Adulyadej by holding up baht notes which show his face (Photograph: Chaiwat Subprasom)

Source: Konbini

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