BANGKOK, June 19 (Reuters) - Thailand will achieve a growth target of 3% this year and a planned handout scheme will help spur the economy and investment, the country's finance minister said on Wednesday.

Thailand's fiscal position is strong and the ratio of public debt to gross domestic product will not exceed 70%, Pichai Chunhavajira told parliament. (Reporting by Orathai Sriring, Kitiphong Thaichareon and Thanadech Staporncharnchai; editing by Jason Neely)