BANGKOK (Reuters): Thailand's cabinet on Tuesday approved a diesel tax cut for three months to April and a 3.6 trillion baht (US$102.53 billion) budget plan for the fiscal year 2025, a deputy finance minister said.
The tax will be cut by 1 baht ($0.03) per litre to support diesel prices to help reduce living costs, Julapun Amornvivat told reporters, adding the move would cost the government 6 billion baht in lost revenue.
He said the government's 500 billion-baht digital handout plan would still be rolled out within the timeframe for May, and the scheme would not be reduced or financed by a fiscal budget, as reported by some local media.
($1 = 35.11 baht) (Reporting by Kitiphong Thaichareon and Panarat Thepgumpanat; Writing by Orathai Sriring; Editing by Kanupriya Kapoor) - Reuters
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