State aims to expedite consumer spendingThe government is mulling a faster rollout of the fourth phase of the “Khon La Khrueng” co-payment subsidy scheme to stimulate spending. Deputy Prime Minister Supattanapong Punmeechaow said yesterday the government is studying expediting the co-payment scheme to pump up consumer spending amid the Omicron outbreak. The co-payment scheme sees the government subsidising 50% of food, drink and general goods purchases for participants. The four schemes saw around 41.5 million participants exercise rights for benefits with total spending of 254 billion baht. Of total spending, 114 billion baht was spending by participants, with the remainder the state subsidy.

Source: Bangkok Post January 13, 2022 22:08 UTC