Thread: Phase one of cash payouts fails to boost domestic consumption

The first phase of the cash payouts scheme, which cost the taxpayer 140 billion baht (0.7% of GDP) and was distributed to about 14 million disabled people and state welfare card holders, has not increased domestic consumption, as envisaged by the government, according to the Kiatnakin Phatra Research Centre.


The growth in domestic consumption during the fourth quarter, following the distribution of the 10,000 baht per person benefit, was close to that in the first three quarters.


This is because less than 10% was spent on consumption, which helps to spur the economy. Most of the money was used to settle debt, pay utility fees, buy food and household items or was saved, according to the research centre.

Phase one of cash payouts fails to boost domestic consumptio

Originally Posted by misskit

has not increased domestic consumption, as envisaged by the government

But has it worked as a vote buying tool, as envisaged by the government?

Originally Posted by PlanK

But has it worked as a vote buying tool, as envisaged by the government?

yep. helicopter money from sentence chopper Frank

Originally Posted by david44

helicopter money from sentence chopper Frank

Airdrop to test the outcome half-time before the major election

Most of the money was used to settle debt, pay utility fees, buy food and household items or was saved, according to the research centre.

Wow, they 'researched' that fast!