NESDB Secretary Confident Thai Help Thai Plus Will Boost GDP by 0.4%, Submits Royal Decree Clarification to Deputy PM Pichai
The NESDB expects Thailand's Thai Help Thai Plus stimulus program to boost GDP by 0.4% and submitted a royal decree clarification to the Constitutional Court, with about 200 billion baht allocated to ease living costs and inflation pressure
At 9:05 a.m. on May 26, 2025, at Government House, Danuda Pitchayanan, secretary-general of the National Economic and Social Development Council (NESDB), discussed the preparation of a clarification statement to be submitted to the Constitutional Court regarding whether the 400 billion baht emergency borrowing decree violates the constitution. He directed inquiries to Deputy Prime Minister Pichai Nitprapat.
Last week, the NESDB coordinated with the Ministry of Finance to jointly draft and discuss the clarification before submission, with Pichai conducting the final review. When asked about the number of clarification documents, Danuda said he was unsure but that the process involved the Ministry of Finance and relevant agencies, with the Finance Ministry serving as the lead agency. All clarifications were sent to Pichai last week.
Regarding the number of project proposals submitted to the project screening committee, Danuda noted the matter is still under consideration and directed detailed questions to the Ministry of Finance.
On the Thai Help Thai Plus program's economic stimulus potential, Danuda explained that rising living costs and inflation make this initiative vital for reducing the cost of living. Beyond that direct benefit, the program is expected to provide additional economic support, with calculations showing it could increase GDP by 0.4 percent. Approximately 200 billion baht from the emergency borrowing decree will be disbursed under this program.