If the government spends 50-100 billion baht on the scheme, it can bolster economic activities by 100-200 billion, said Mr Thanavath. Traffic at Yaowarat Road and Sampeng Market is sparse during the third wave of Covid-19 in Bangkok. Though the government would lose around 10 billion baht in tax revenue, it could stimulate spending worth up to 50 billion baht, said Mr Thanavath. On the fiscal side, the government still has about 250 billion baht of the 1-trillion-baht fiscal stimulus available. The country still has about 380 billion baht available in funds to implement additional economic stimulus measures, he said.

Source: Bangkok Post April 25, 2021 23:15 UTC