Finance permanent secretary Somchai Sajjapong said Monday that the cost of living bonus would benefit about one million low- and middle-ranking government officials who do not have positional allowances.
The one-time bonus will be payable during Songkran festival which will boost spending during the festive long holidays and, as a consequence, will help stimulate the economy, said Mr Somchai, adding that the special bonus would cost the state 15 billion baht.
An informed source in the Finance Ministry said this was the third stimulus package but the first for government officials who are yet to receive financial help from the government.
The first stimulus package amounted to 136 billion baht which was meant to improve the livelihood of the people and the second package, amounting to 35 billion baht, was injected into Village Fund.
The new stimulus package includes 5 billion baht originally allocated for Tambon Fund at 5 million baht for each tambon to be injected into Village Fund plus 57.3 billion baht in investment funding.
The source explained that the new stimulus package was necessary in wake of the drought problem which is likely to become more serious and to cause widespread impacts to the people and the national economy.