Thailand Plans 140 Billion Baht Cash Handout

Thailand's cash handout scheme faces scrutiny as the government plans to distribute 40 billion baht to four million elderly citizens just days before the Provincial Administrative Organisation elections on February 1. Critics, including former election commissioner Somchai Srisutthiyakorn, argue that classifying all individuals aged 60 and above as vulnerable is a tactic to influence election outcomes. Meanwhile, Deputy Finance Minister Julapun Amornvivat announced that the third phase of the handout program is set for the second quarter of next year, involving 140 billion baht aimed at 14 million people. The government anticipates these stimulus measures will boost economic growth above 3% next year, while overall growth in 2024 is projected to remain below 2.8%. The distribution of funds is part of a larger effort by the government to stimulate the economy amidst high household debt and sluggish demand. Concerns about the legality and ethical implications of the handouts before elections continue to grow.