The National Economic and Social Development Council (NESDC) said on Wednesday that they are proposing more job creation projects to the cabinet next week.
The funding will come from the 400 billion baht budget, which is part of the government’s emergency loan worth one trillion baht that was introduced to counter the economic and social impact of the coronavirus pandemic.
The remaining 600 billion has been set aside to create relief measures for workers and businesses that have been affected by the outbreak.
Thosaporn Sirisamphand, the secretary-general of NESDC, said the cabinet has already approved the budget framework of 92.4 billion baht to implement the job creation projects for more than 400,000 people.
So far, only the 45 billion baht budget was approved for around 100,000 positions, while the job creation projects, which is valued at 47.4 billion baht, will be introduced to the cabinet next week.
He said the reason why the budget is being gradually approved 100 billion baht at a time is to ensure that if there is a second wave of coronavirus outbreak in Thailand, there is still money left from the 400 billion baht budget to initially tackle it.
Thosaporn said that apart from the projects being introduced by the NESDC, the Center for Economic Situation Administration (CESA)’s is also coming up with job creation projects worth 23.5 billion baht for more than 260,000 new graduates.
The NESDC previously revealed that approximately 520,000 new graduates will have a hard time looking for jobs in 2020.
Another one million more jobs will be offered by the Ministry of Labor, and the CESA’s cash handout program worth 45 billion baht is expected to come out of the 400 billion baht budget as well.
Cash hand out campaign
Tossaporn said that the 3000 baht cash handout campaign for 15 million people is still an initiative that has not been finalized yet.
The plan will be proposed to the Ministry of Finance to approve, with more details to be confirmed, such as the qualification of participants and shops and the number of persons involved, said Tossaporn.
NESDC expects the proposals to be concluded within one month in order to be ready in October.
Initially, CESA’s draft proposal is to implement a ‘co-pay’ function in the government’s G wallet application.
He also added that the campaign must find ways to include small businesses such as hawkers and street vendors.