“Chulphan” emphasizes moving forward with digital wallets

“Chulphan” reiterates moving forward with digital wallet, stating clear conditions of origin by the end of this month. Ready for the first meeting of the subcommittee on 12 Oct., while on 24 Oct. the main meeting will be held.

Paophum said this policy is different from the old way of giving out money. Points out that it must grow to its full potential. As for the Permanent Secretary of the Treasury, he would like to believe in fiscal discipline. Compare monetary and fiscal policy to driving a car. There must be a rhythm in order to be gentle and safe. Mr. Chulapan Amornvivat and Mr. Kritsada Chinawicharana, Deputy Minister of Finance. along with Mr. Lawan Saengsanit, Permanent Secretary of the Ministry of Finance and Mr. Paophum Rojanasakul, Secretary to the Minister Press conference on the progress of the digital wallet project, Mr. Chulaphan said he felt good that society was debating such policy issues. Both academic and private sectors in openness of thought which we do not hear criticism In this manner in the previous government Even though many policies are controversial However, at this time the situation of Thailand It has not yet grown to its full potential. Therefore, the policy of adding money to the economy thoroughly Create investment opportunities Leads to employment, creates careers, and the government receives money back in the form of taxes. It lays the foundation for digital. Aiming for complete electronic government (e-Government) The digital wallet policy is one of the policies announced at Parliament. create economic growth Therefore, we must proceed with this project successfully. Confirm that the money that will be used in the said project is not newly conjured. Under the supervision of the Bank of Thailand These funds do not change in value. It’s just money used digitally. with specified conditions The source is under consideration. Confirm that the government adheres to the principles of fiscal discipline. If you look at the work of the Pheu Thai Party government in the past We have always adhered to this principle. I will use the experience I have as much as possible. will use the main budget source The details will be clear at the end of October. As for the question of the radius that will be used in the said project, It is the duty of the subcommittee. Whether there is an inclination to expand the framework or not, there will be a conclusion at the end of this month as well, confirming that voices from all sectors will be listened to. All opinions It will be discussed at the subcommittee level. As for the item reflecting economic stability. If growth is only 2%, people will not be able to escape poverty. Therefore, it is necessary to grow properly. which the subcommittee meeting The next match will take place on Thursday, October 12th and there will be a press conference. Progress after the meeting After that, a second meeting was scheduled for Thursday, Oct. 19, and it is expected that on Tuesday, Oct. 24, information could be presented to the main meeting. Mr. Paophum said that in terms of academics The policy to stimulate the economy this time is not like the last time. And all questions of society at this time will come to the meeting for further discussion. And please give a rough reason that this is because this policy is a conditional top-up. They cannot be compared in terms of economic impact. And it’s digital, not analog. Easier, faster, more secure Therefore, past numbers cannot be used to quantify the impact. In addition, there is money as high as 10,000 baht, so it is not only stimulating consumption but also stimulating investment. small investment at the village and community level, including reducing inequality All of them are considered to be positive economic results. Mr. Paophum also said that The government looks at the digital infrastructure Create enormous value If we look only at stimulating the economy alone, it is incomplete. However, the digital wallet policy is not the only policy. There are many other policies that will follow. In addition, what must be mentioned is the difference in stability and potential. This is the idea for us to grow with stability to our full potential. At the end, Mr. Chulaphan answered questions from the media about the case. There may be cuts to certain groups of people with high incomes. depart from this policy Including the distribution of payments, Mr. Chulaphan emphasized that There is hearing from relevant agencies. that each group has how much Not yet concluded Now please wait. and will see how to make adjustments without affecting the objectives of the policy and can answer the question As for targeting fragile groups, it is confirmed that fragile groups can definitely be affected. As for the group that has strength May have to consider suitability once. and believe that groups with high incomes May not have the desire to join the project As for the source of the money, Mr. Chulphan said there are many options. The mechanism must be used appropriately. and create the greatest benefit. Mr. Chulphan reiterated that he will move forward with the project to the utmost. And the people want to see this policy move forward. and will try as much as possible Consider the legal framework Not a burden on the budget As for whether the distribution will be carried out in a big way or the conditions will be adjusted or not, Mr. Chulaphan said that we will listen to every opinion. We will know how it will turn out at the end of this month. However, now that the 2024 budget is being reviewed, the request has been sent back to the Budget Office. We have to look in detail at where the excess fat is. and there will be a reduction To manage the money for maximum use and part of it will be used in other beneficial government projects. It is not just one policy. Mr. Lawan said that he would like to believe in Professionalism of the Ministry of Finance in maintaining fiscal discipline and points out that stimulating the economy during this period is not wrong. It is a challenge for the government. and pointed out that monetary policy and fiscal policy must be in the same direction. Today, fiscal policy may focus on economic growth and monetary policy on stability. The two stories must go together. It’s like driving a car. Fiscal policy is like a gas pedal. Monetary policy is a brake. We must have a rhythm to drive the car together. You have to know when to brake and when to go. Driving this car is smooth and safe. We don’t want to see the accelerator and brake being used at the same time because that would be of no benefit to this country. Therefore, it is their duty to talk with the Bank of Thailand. which are already close to each other will understand the government’s intentions