Election Commission asked to probe digital money handout

Election Commission asked to probe digital money handout
At the Pheu Thai office on October 17, deputy finance minister Julapun Amornvivat spoke with proponents of the digital wallet system. Somchai Poomlard( picture )

Rosana Tositrakul, a former senator, has requested that the Election Commission look into the constitutionality of the government’s planned distribution of 10,000-baht digital currency.

As Deputy Finance Minister Julapun Amornvivat acknowledged the government had not yet found a way to finance the system, she made her move.

Ms. Rosana stated on Facebook that she had written a letter to the EC asking it to look into the” digital bag” structure of the coalition’s main Pheu Thai Party.

She requested that the committee investigate Pheu Thai’s funding options. The monthly national expenditure may cover it, the group previously informed the EC.

According to Ms. Rosana, the EC really think about whether the funding may be legal or not if the federal budget was unable to cover the handout and the government had to borrow money to carry it out.

She claimed that the lack of an economic issue did not warrant the distribution of digital currency.

All Thais who are at least 16 years old will receive it via a digital wallet, according to the government, though the eligibility requirements are also up for debate.

The sub-committee planning the specifics of the release, according to Deputy Finance Minister Julapun, has not yet scheduled its next appointment. Because the board couldn’t agree on how the program may be funded, the meeting last week was postponed.

Based on 10, 000 baht value of electronic currency given to people 16 years of age or older, or an estimated 54.8 million, the authorities estimated the cost at 548 billion Baht.

According to Mr. Julapun, there are numerous significant factors that may cause the release, which is currently scheduled for around February of next year, to be delayed.

They covered topics like the source of the funds, legal compliance, and the safety of a modern flyer system, which, according to him, should also safeguard personal information. & nbsp,