Prime Minister Paetongtarn Shinawatra is set to launch the second phase of Thailand’s economic stimulus program today, January 27, 2025, distributing 10,000 baht to approximately 3 million eligible seniors aged 60 and above.
Eligibility and Distribution
Criteria for Recipients
The cash handout is targeted at seniors with an annual income below 840,000 baht and total bank deposits under 500,000 baht. Those who received funds in the first phase are not eligible for this round.
Payment Process
Recipients must link their national ID cards to PromptPay to receive the funds. The government will transfer the money via PromptPay, with banks expected to begin transfers early in the day.
Government Initiatives
Launch Ceremony
Prime Minister Paetongtarn Shinawatra will preside over a ceremonial event at Government House, symbolically “pressing the button” to initiate the transfers. She will also conduct video calls with some recipients to gather feedback.
Economic Impact
The Finance Ministry projects that this second phase will contribute a 0.1 percentage point boost to Thailand’s economic growth. The government aims for overall economic growth exceeding 3% this year, driven by stimulus measures and increased foreign investment.
Future Plans
Digital Wallet Development
The government is preparing to test a digital wallet application next month, in anticipation of the scheme’s third phase. This phase, scheduled for March to April, will target individuals aged 16-59.
Ongoing Distribution
For those unable to receive funds in this round, the government has scheduled additional transfer dates on February 28, March 28, and April 28. Recipients must complete the Prompt Pay linkage at least three days before these dates.
