Thailand’s digital wallet plan to pay citizens over 16 years old 10,000 baht (about $274) has been delayed, with critics calling for an investigation by the country’s election commission.
Like the original report According to the “Bangkok Post” report, Thailand’s Deputy Minister of Finance Julapun Amornvivat announced that the new digital wallet originally scheduled to be launched in February 2024 has been postponed to buy more time for the development of the system.
The Thai government hopes to use the wallet to distribute 10,000 baht to eligible citizens to stimulate the local economy.
Amornvivat’s statement emphasized that the government wants more time to ensure the security of the systems underpinning the digital grant wallet, while reiterating that its launch will still take place in the first quarter of 2024.
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According to domestic reports, the subcommittee responsible for the plan is still reviewing the funding sources for the plan. Pheu Thai’s digital wallet project is estimated to cost 548 billion baht ($15 billion).
The government had previously expected the plan to stimulate economic growth by 5% next year, and Amornvivat also said tax revenue from increased economic activity would help fund part of the cost of the plan.
Former Thai Senator Rosana Tositrakul sound skeptic Leaders of the project have since asked the Electoral Commission to investigate the legality of the proposed scheme.
As the Thai government considers using its state budget to fund digital handouts, questions over a lack of funds and the possibility of raising debt to pay for the program have led Tositaragu to question the legality of the program.
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