Julapun said the national digital wallet committee would set up a subcommittee to set up regulations to prevent misuse of the money or corruption.
He added that the government had decided to go ahead with the project because last month’s statistics show the country’s economy is worsening.
“The people lack confidence to spend money and private firms dare not invest more,” Julapun said.
“Foreign investors invited by the government need to wait for more time, so consumption has slowed down.”
He added that inflation has been negative for four consecutive months, while the interest rate of loans has been rising, affecting liquidity in the private sector.
“Under this kind of situation, the country is like a pond that has gone dry and the public is like fish in this dry pond. So, we need to refill this pond by enacting the borrowing…
