Government seeks approval for digital wallet scheme loan

Government seeks Council of State’s approval for 500 billion baht loan to finance digital money handout scheme for eligible citizens.

Government Consults Legal Advisors on 500 Billion Baht Loan Bill

The government is seeking legal advice from the Council of State on the legality of a proposed bill to borrow 500 billion baht for a digital money handout scheme. The scheme aims to provide 10,000 baht to eligible citizens and is currently under review by the government’s legal advisory body, affirmed Deputy Prime Minister Phumtham Wechayachai.

Digital Wallet Scheme Aims to Stimulate Economy

The digital wallet scheme, a key election promise of the ruling party Pheu Thai, is intended to stimulate the economy through micro-investments. Recipients are expected to combine their funds with family members for larger investments, rather than simply using the money as a cash giveaway. The Bank of…