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Monday, April 29, 2024

Borrowing for B10,000 handout ‘to be spread out’

Government expects to finance programme over 2-3 years to preserve fiscal stability

Pheu Thai Party supporters show their backing for the digital wallet programme, at a rally at party headquarters in Bangkok on Oct 17. (Photo: Somchai Poomlard)

The government plans to borrow 500 billion baht in phases to finance its digital wallet handout programme to stimulate its economy, allaying concerns that the debt proposal could widen the fiscal deficit and jeopardise the country’s credit rating, an official said on Wednesday.

The borrowing will be spread over two to three years…

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