BANGKOK ― Thailand’s economy is expected to grow 3 percent this year, supported by the government’s digital wallet stimulus program, new fiscal-year budget spending and an expanded government equity fund, a senior finance ministry official said on Friday.
Southeast Asia’s second-largest economy will post a jump in growth in the final quarter of the year, Lavaron Sangsnit, the ministry’s permanent secretary, told reporters.
The government will transfer 145 billion baht ($4.4 billion) — the first tranche of the 450 billion baht digital wallet scheme ― to vulnerable groups in cash between September 25 and 28, he said.
The 2025 fiscal budget, which starts on October 1, and the expansion of the government equity fund will also boost the economy, Lavaron said.
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