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Monday, April 29, 2024

PM has backup plan should digital wallet loan bill be rejected by Council of State

Prime Minister Srettha Thavisin said that the Pheu Thai party has prepared a Plan B to enable it to implement the controversial digital wallet scheme, in the event the government’s 500 billion baht loan bill to fund the scheme is ruled unconstitutional by the Council of State.

In his interview from San Francisco on Tuesday (local time), the prime minister emphasised that the Thai economy is in crisis and, therefore, it is absolutely necessary that a huge amount of money be injected into the system to stimulate it, citing the digital wallet scheme.

Declining to elaborate on the backup plan, he said that the ruling Pheu Thai party has developed several measures to stimulate the economy, including the digital wallet scheme.

Meanwhile, Dr. Surapong Suebwonglee, former finance minister and a member of the National Soft Power Strategic Committee, equates Thailand’s economy to a…

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