Thai PM Defends $14B Cash Handout to Boost Economy, Despite Criticism of Rising Debt and Inflation
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Thai PM defends borrowing plan to fund $14B cash handout, saying economy needs stimulus
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Handout of $277 to 50M Thais aimed at spurring consumption, business activity
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Plan criticized for increasing debt, inflation; central bank governor disapproves
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PM says debt level will still be below 70% GDP limit; handout will boost growth
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Opposition warns of rating downgrade, violation of fiscal laws; analysts see wider deficit