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Article: Thai Cabinet approves 1.3-billion-U.S.-dollar economic stimulus package
- Article from:
- Xinhua News Agency
- Article date:
- March 4, 2008
CopyrightCopyright 2008 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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Thai Cabinet approves 1.3-billion-U.S.-dollar economic stimulus
package
BANGKOK, March 4 (Xinhua) -- Thailand's Cabinet on Tuesday
approved a 40-billion-baht (1.3 billion U.S. dollar) economic
stimulus package proposed by Deputy Prime Minister and Finance
Minister Surapong Suebwonglee, according to the Thai News Agency.
Surapong said the economic stimulus package approved by the
cabinet involves tax measures aimed at helping low-income people,
boosting savings, and reducing spending.
Surapong said he believed the tax measures, when implemented,
would help spur the economy to grow by at least six percent this
year as the measures will help boost confidence in spending and
investment.
The ...