Srettha Thavisin of the Pheu Thai Party announced the party’s 10,000-baht digital wallet policy at a campaign rally in April. (Photo: Pattarapong Chatpattarasill)
Economists have voiced concern over the Pheu Thai Party’s planned 10,000-baht digital handout policy, predicting it could affect the value of the baht and deteriorate monetary and fiscal discipline.
Under the scheme, citizens age 16 and older are given a digital wallet with 10,000 baht to be spent within six months at shops within a four-kilometre radius of where they live.
The budget required to fund the scheme is estimated at 500 billion baht, according…
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