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Thai Cabinet Approves $7.8 Billion in New Borrowing

Thai Cabinet Approves $7. 8 Billion in New Borrowing for Consumer Subsidy Scheme The Thai government has approved a massive borrowing program worth more than $7.

8 billion to fund a consumer subsidy scheme aimed at cushioning the impact of rising living costs on 43 million people.

The plan, which is part of Bangkok's efforts to mitigate the economic fallout from the ongoing Middle East war, promises to subsidize 60% of the prices of essential goods for four months.

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