More cash to be injected to stimulate economy

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The government will inject several hundred billion baht to stimulate economy in the first half of this year, deputy prime minister Somkid Jatusripitak said yesterday.

He assured of the cash injection as worries about both the sluggish domestic and world economies have caused the industrial confidence level to lower.

Dr Somkid said the government has planned to inject billions of baht worth of budget into the domestic economy to reform all economic aspects in order to sustain it in the first half of the year, including the provision of a budget of 35 billion baht to the village funds.

Meanwhile, a proposal would be presented to the Cabinet tomorrow to further approve a budget of 5.6 billion baht for infrastructure development projects, such as the development of broadband internet, as well as to improve the country’s potential for competition.

Then next week, the economic team would propose to the Cabinet to approve another budget of 160 billion baht to be used to provide loans for SME businesses and to solve drought problems, he said.