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Sunday, May 5, 2024

Digital wallet scheme to be funded by borrowing from GSB : Move Forward MP Sirikanya

Move Forward deputy leader Sirikanya Tansakul

Move Forward party deputy leader Sirikanya Tansakul claimed today (Monday) that the money to fund the government’s 560-billion baht digital wallet scheme will be come in the form of loans from the Government Savings Bank (GSB).

In her Facebook post today, the party-list MP claims she has found the answer to the big puzzle about the source of funding for the scheme, which is the GSB, not from the national budget, because borrowing from a state-owned bank is not regarded as public debt.

She explained that borrowing from the GSB can be done by expanding the limits of the fiscal discipline framework in the 2024 budget, from 32% to 45%.

Although the bank borrowing is not regarded as public debt, it is still debt which the government will have to repay, adding that, if the amount of repayments is, for example, 50 billion baht, the…

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