Thailand Launches “Khon La Khrueng Plus” to Boost Q4 Economy – A Deep Dive
Thailand is proactively addressing potential economic headwinds with teh launch of “Khon La khrueng Plus” (Half-Half Plus), a co-payment program designed to invigorate domestic spending. Finance Minister ekniti Nitithanprapas announced the initiative, anticipating benefits for 20 million Thai citizens. This article provides a comprehensive overview of the scheme, it’s projected impact, and how you can participate.
Addressing Economic Concerns
Without intervention, thailand’s GDP growth for the fourth quarter of 2025 was forecasted at a modest 0.3%. However, the government believes the “Khon La Khrueng Plus” program, alongside other stimulus measures, can elevate that figure to around 1%. This proactive approach aims to prevent a slowdown as the year concludes.
The program represents a significant investment of 44.4 billion baht, demonstrating the government’s commitment to economic stability.
How “Khon La Khrueng Plus” Works – For You
Here’s a breakdown of how the program functions and what you need to know:
* Eligibility: The amount you receive depends on your tax status. Non-taxpayers are eligible for 2,000 baht, while taxpayers receive 2,400 baht.
* Usage Period: Funds are usable from October 29th until December 31st at 11 PM.
* Spending Limit: You can spend up to 200 baht per day, with the government covering 50% of that amount.
* Overwhelming Demand: All 20 million allotments were quickly filled,highlighting the program’s popularity.
* Activation Deadline: Don’t delay! You must activate your benefits by November 11th.
Approximately 190,000 applications were rejected, primarily due to applicants already receiving direct welfare assistance.
Expanding access for Businesses
The program isn’t just for consumers. Nearly 600,000 shops have already registered to accept payments, and registration remains open until December 19th. This provides a crucial lifeline for businesses, particularly small vendors.
Eligible businesses include:
* Small vendors
* Massage and spa businesses
* Licensed public transport operators
Furthermore, the scheme encourages digital adoption. Registered vendors can integrate with several delivery platforms – including 4-5 already participating – to broaden their customer base. Delivery platforms are also incentivized to participate, with gross profit fees reduced from 30% to just 5%.
Beyond Spending: Skills Advancement
The government recognizes that sustainable growth requires more than just immediate stimulus. “Khon La Khrueng Plus” is coupled with the “Sell Online Successfully” training initiative. This program equips vendors with essential digital sales skills, fostering long-term economic resilience.
Expert Perspectives on the Impact
Industry leaders are optimistic about the program’s potential.
* Nath Vongphanich (Thai Retailers Association): Retailers anticipate a sales increase of at least 10%, especially in consumer goods and provincial areas.
* Thanavath Phonvichai (University of the Thai Chamber of Commerce): The scheme is projected to inject over 59 billion baht into the Thai economy.
These projections underscore the program’s potential to considerably boost economic activity.
Getting Started: How to use the Pao Tang App
To participate, you‘ll need the Pao Tang app and a G Wallet. Here’s how to get set up:
- Link Your G Wallet: Connect it within the Pao Tang app.
- Top Up Your Wallet: You can do this through:
* Mobile banking (using a 15-digit G Wallet ID)
* Linked Krungthai Bank accounts
* QR PromptPay from any bank
* ATMs of major banks (using the G Wallet ID)
- Food Delivery Access: Payments for food delivery via the Pao Tang app will begin on November 7th.
