Academic Urges Reform of 'Thai-Help-Thai Plus' Stimulus Program

According to Khaosod Online, the Thai Ministry of Finance is preparing to propose an extension of the 'Thai-Help-Thai Plus 60/40' stimulus measure to the Cabinet on September 22, 2026. The current program, which is scheduled to conclude on September 30, is expected to be extended for approximately two months to mitigate the ongoing impacts of high energy costs and inflation on consumer purchasing power.

However, Associate Professor Dr. Suchat Tripopsakul from Bangkok University has cautioned against simply extending the program in its current form. He argues that the government should utilize data from previous phases to refine the mechanism, moving beyond simple spending metrics to evaluate how effectively the funds stimulate genuine economic activity. Dr. Suchat suggests that the program should be restructured to better support SMEs, reduce financial leakage, and encourage businesses to formalize their operations. He proposes a hybrid model that integrates modern retail systems with specific support for agricultural products, OTOP goods, and local SMEs, potentially utilizing electronic tax receipts to track impact.

For residents and travelers, this means that while government subsidies aimed at lowering the cost of living may continue, the specific rules and participating vendors could undergo changes in the coming months. It remains to be confirmed whether the Cabinet will approve the extension on September 22 and if any of the suggested structural reforms will be incorporated into the new phase.