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Wednesday, May 8, 2024

Justifying the digital wallet scheme

Prime Minister Srettha Thavisin last week put an end to weeks of speculation about the government’s digital wallet programme, saying it will begin in May next year.

The 10,000-baht digital wallet scheme is considered the flagship policy of the Pheu Thai-led coalition given its prominence in the election campaign.

Despite mounting criticism from academics and economists that borrowing 500 billion baht to fund the project may violate the 2018 State Fiscal and Financial Discipline Act, the Srettha Thavisin government is expected to push through this policy because if it is cancelled, the party may lose votes in the next…

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