BANGKOK (Reuters) -Thailand’s cabinet has approved infrastructure projects worth 115 billion baht ($3.5 billion), Finance Minister Pichai Chunhavajira said on Tuesday, as the government seeks to boost the economy to offset the impact of U.S.
tariffs.
“This large expenditure is to achieve the objective of stimulating the economy and increasing potential,” he said.
The projects include new roads as well as power infrastructure and facilities to improve access to drinking water.
They are expected to boost GDP growth by 0.4 percentage points, Pichai said.
Separately, there will be soft loans worth 200 billion baht to help exporters, he added.
($1 = 32.76 baht)
(Reporting by Orathai Sriring, Kitiphong Thaichareon, Thanadech Staporncharnchai, Panarat Thepgumpanat, Chayut Setboonsarng; Editing by)
