Triple-threat circular flow stimulus package goes to cabinetA three-pronged economic stimulus package, which includes generating money flows in the economic system and giving people better access to mortgages, will seek cabinet approval on Tuesday. The first set of measures continue from the previous package to pump money flows in the economic system, said Finance Minister Uttama Savanayana. Commercial banks will be allowed to participate in the third prong, said Mr Uttama, but refused to provide further details. The total tax deductible contributions for the new tax-saving fund and retirement mutual funds (RMFs), another tax-saving fund, is expected to be capped at 500,000 baht. The Finance Ministry is not tasked with exports as that is not its duty," he said.

Source: Bangkok Post November 26, 2019 00:17 UTC