BANGKOK : Thailand’s 500 billion baht ($13.53 billion) handout scheme aims to reach the wider population and boost the overall economy through stimulus, a finance official said on Wednesday, responding to central bank recommendations it be targeted towards the poor.
The central bank confirmed to Reuters it had sent a letter to cabinet with its recommendations on the digital wallet policy, following a request from the government to provide feedback.
The Bank of Thailand had earlier on Wednesday told a press conference it had no objection to stimulus but wanted it to be targeted.
The policy received cabinet approval on Tuesday, clearing another hurdle for the government to roll out the stimulus plan, which would give 10,000 baht to each of 50 million Thais to spend in their communities in a six month period.
Paopoom Rojanasakul, secretary to the finance minister, on Wednesday told…
