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Saturday, May 4, 2024

Bangkok Post – The thorny issue of digital wallet funding

Mr Srettha’s government plans to rely on budget expenditure for its flagship digital wallet scheme. (Photo: Chanat Katanyu)

The coalition government led by Prime Minister Srettha Thavisin made a significant pivot on its flagship scheme, which aims to hands out 10,000 baht each to 50 million Thais via a digital wallet, shifting from government borrowing, which drew sharp criticism and raised concerns about potential violations of financial and fiscal discipline regulations.

Instead, the government opted to utilise funds from the annual expenditure budget, which is the original approach the ruling Pheu Thai Party…

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