The University of the Thai Chamber of Commerce and the Thai Chamber of Commerce are looking at the first phase of 10,000 baht, which will rotate money in the system up to 3 times. Assoc. Prof. Dr. Thanawat Polvichai, President of the University of the Thai Chamber of Commerce, said that the first phase of the 10,000 baht digital money distribution totaled 145 billion baht. The money has been gradually transferred to the accounts of vulnerable groups since midnight last night, which is likely to be used mainly in the area and should be used immediately within the first week because it is a cash payment that can be used immediately and anywhere. According to a survey by the University of the Thai Chamber and the government, people will spend 10,000 baht mainly on consumer goods. Secondly, it is used to expand business or earn income, such as investing in equipment to make a living, and some about 20% said that they would use it for informal debt. The first round is for people to shop at shops in the community . The first phase will be spent simultaneously in all 77 provinces and will be spent mainly for people who shop in the fresh market. Then, the second round will see community stores buying products from big stores in districts or provinces, and the third round will be spending in various sectors of the country, which will promote the atmosphere of Loy Krathong Day in November and the tourism atmosphere in the fourth quarter to be more active. After that, during the New Year, there will be more money to stimulus. However, I would like to leave it to government agencies to keep records of the success indicators of the measures by looking at the amount of refueling. The government recommends that the government issue additional economic stimulus measures at the end of 2024 to make the Thai economy stand out and grow by 3% next year, such as the multiplication of 2 or the measure of half per person. During the New Year, or tax deduction measures for the purchase of New Year's gifts or souvenirs, the government d oes not have to spend a single baht. "The Thai Chamber of Commerce expects that the distribution of 10,000 baht will help GDP grow by 3.8-4.3% in the fourth quarter, which will make the Thai economy grow by an average of 3-3.5% in the second half of the year. At the same time, we should take care of the baht so that it stays in the range of 33-34 baht, which will be a positive factor for the Thai economy," said Assoc. Prof. Dr. Thanawat. The same is true for Mr. Sana Angubonkul. Chairman of the Board of Directors of the Thai Chamber of Commerce and the Federation of Thai Chambers of Commerce who said that the distribution of 10,000 baht in cash will help stimulate economic growth by 0.2% and sees the distribution of cash as a step on the right track because the money will be distributed in community stores. People with stomach problems will be relaxed to a certain extent. Especially recently, many areas have experienced floods. If your belongings are damaged, you can use the money you earn to buy groceries immediately. At the same time, the Thai Chamber of Commerce thinks that it is time for the government to stimulate the economy strongly and heal the people who still have enough money left. Especially in the fourth quarter and during various festivals, such as multiplication measures and tourism stimulus measures. Source: Thai News Agency
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