Thailand’s Cabinet has approved an economic stimulus package valued at approximately USD 4.5 billion. The initiative focuses on infrastructure development and tourism to mitigate the impact of global economic challenges and support domestic growth.
The plan includes 481 projects across 50 government agencies. Around USD 3 billion is earmarked for short-term projects designed to generate immediate economic activity while delivering long-term structural benefits. Key components include investment in water and transport infrastructure, tourism upgrades, and regional support programs.
Water-related projects will include urban flood prevention and expand water distribution. The initiative aims to protect roughly 76,000 acres of land and benefit more than 900,000 households, generating over 70,000 jobs monthly.
Transportation infrastructure will include 26 projects to connect secondary cities, enhance road safety, and support agriculture-related transport. Officials expect to develop 417 kilometers of new roads and repair nearly 1,700 existing ones, generating over 285,000 jobs.
Tourism will focus on upgrading facilities and safety measures, including CCTV systems in major destinations. This is expected to attract an additional 2.76 million visitors and generate USD 1.5 billion in economic value.
With an estimated impact of a 0.4% GDP increase and 7.4 million jobs created, the plan prioritizes lower-income regions and aims to ensure more balanced national development.
(Source: The Nation)
