Fiscal Policy Country Blog
Example 1: Expansionary Fiscal Policy - $1.3 billion in stimulus package in 2021 Thailand is granted this stimulus to people located in the providences that were affected by Covid 19. This stimulus will include some for subsidies for water and electricity bills, and the rest for direct cash handouts to people. Workers in certain fields such as construction, hotel and food service, etc, will receive addition stimulus. In 2019 Thailand tourism contributed to 20% of GDP so with this shut down the economy is struggling (Medina). This stimulus package is benefiting people who work in industries severly struggling from the pandemic if they are registered with the social security scheme. This money is an attempt to lessen the devestating effects and make conditions more liveable. I cannot find any specific examples of people against this, but I can imagine people who were not affected as bad may be frusturated thinking it is unfair people are getting utility discounts and the...