Thai government faces challenges funding digital wallet scheme with cash handouts, exploring borrowing options and facing criticism about legality.
The Thai government is encountering difficulties in funding its digital wallet scheme, which aims to provide cash handouts to the population. As a result, the government is exploring various borrowing options to finance the program. However, this approach has sparked criticism regarding the legality and potential long-term financial implications.
The digital wallet scheme is a part of the government’s efforts to provide financial assistance to individuals affected by the economic impact of the COVID-19 pandemic. The scheme involves distributing cash handouts to eligible citizens through digital wallets, allowing for convenient and efficient disbursement of funds.
In order to fund this initiative, the government is considering borrowing…
