Move Forward party-list MP Chaiwat Sathawornwichit has claimed that the government has over-estimated the benefits of the “digital wallet” scheme in boosting the economy, as the timing is not right for its implementation.
During his speech in parliament today (Monday), he said populist schemes, such as the digital wallet, should be implemented at a time when the economy is contracting, not when it is expanding, as it is now in Thailand, although the expansion is minimal.
Like the application of an electric shock to a patient having a heart attack, Chaiwat said that the government’s plan to use the digital wallet to kick-start the economy is like applying an electric shock to a healthy person, the result may be fatal.
He also pointed out that populist policies, to inject money for people to spend, will produce a fiscal multiplier of just 0.2%, instead of three times the amount…
