Bangkok: The Treasury Department has introduced a series of measures aimed at providing support to citizens and entrepreneurs affected by the ongoing situation at the Thai-Cambodian border, as announced by Deputy Prime Minister and Minister of Finance Pichai Chunhavajira. These measures are designed to alleviate the financial strain on both local communities and businesses, involving local-level initiatives and actions by state financial institutions.
According to Thai News Agency, the measures are categorized into two main segments: local-level interventions and those implemented by state financial institutions. On a local level, the government plans to expand the reserve fund to 100 million baht per provincial governor, with the possibility of further increases to ensure sufficient resources. Additionally, efforts will be made to expedite the procurement of supplies necessary for security missions. State-owned banks, including the Bank for Agriculture and Agricultural Cooperatives (BAAC), will offer credit measures to enhance liquidity for farmers, providing soft loans to those impacted.
Tax measures include the deferral of filing and payment deadlines for various taxes, moving from July 24 to August 31, 2025, to September 30, 2025. Citizens will also be allowed to deduct up to 100,000 baht for home repair costs and up to 30,000 baht for vehicle repairs resulting from damage incidents.
State financial institutions have outlined several supportive actions. The Government Savings Bank will suspend principal payments for debtors in affected regions until December 2025 and provide low-interest loans without collateral. The Bank for Agriculture and Agricultural Cooperatives (BAAC) will offer emergency loans and life and property restoration loans at favorable interest rates.
The Government Housing Bank (GHB) has introduced measures to support affected customers, including significant interest reductions for damaged homes. The Small and Medium Enterprise Development Bank (SME D Bank) will offer low-interest loans and refinancing options. The Export-Import Bank of Thailand (EXIM Bank) plans to extend debt repayment terms and reduce interest rates, while the Islamic Bank of Thailand (IBank) will provide home repair and business rehabilitation loans.
Finally, the Small and Medium Enterprise Credit Guarantee Corporation (TCG) will guarantee loans under the PGS11 “Sustainable SMEs” project, with fee waivers for the initial three years. Through these comprehensive measures, the government aims to stabilize the affected regions and support economic recovery.