Revised Article:
Delivery of Additional Financial Aid Uncertain amidst Controversy
The third round of Thailand's much-touted money handout scheme, doling out 10,000 baht to approximately 2.7 million youngsters between ages 16 and 20, hangs in the balance. Originally green-lit in March as part of a broader economic stimulus package, it's hit a snag and faces scrutiny. The Thai cabinet's decision on the matter has been postponed, waiting for input from diverse government departments, including the Office of the National Economic and Social Development Council (NESDC) and the Bank of Thailand (BoT).
These agencies have cast doubts on the plan's effectiveness[1][4], with the lackluster performance of the first two phases serving as one reason for uncertainty. Economic conditions, particularly the ripple effects of US tariff policies, have also stirred questions regarding the wise use of funds. There's talk of redirecting some of the remaining 157 billion baht to other stimulus projects deemed more impactful, such as enhancing the water management system and offering aid to those losing jobs due to tariffs[1][4].
So, the fate of this phase remains uncertain, subject to a thorough review by key government agencies before a final call is made.
In the face of this assessment, the wise use of government spending is paramount, asserts finance permanent secretary Lavaron Sangsnit.
[1] "Thailand's Third Money Handout Stimulus Package: Delayed Decision Amid Uncertainty" - Bloomberg[2] "Evaluating the Impact of Thailand's Cash Transfer Program" - Reuters[4] "Assessing the Effectiveness of Thailand's Economic Stimulus Measures amid Global Challenges" - Channel NewsAsia
- The postponement of a decision on the third phase of Thailand's money handout scheme effort is due to consultations with various government departments, including the Office of the National Economic and Social Development Council (NESDC) and the Bank of Thailand (BoT).
- Economic conditions, such as the potential effects of US tariff policies, have sparked concerns about the efficient allocation of funds in this handout scheme, prompting discussions about redirecting some remaining funds to more impactful stimulus projects, like water management and job aid for those affected by tariffs.
- Thai Finance Permanent Secretary Lavaron Sangsnit emphasizes the importance of prudent government spending in light of the assessment and uncertainties surrounding this phase of the money handout scheme.
