PUBLISHED: 19 Apr 2024 at 05 :53
The Pheu Thai-led government’s digital handout scheme could exhaust the country’s capacity to handle large-scale emergencies, claims the main opposition Move Forward Party ( MFP).
The MFP stated on Thursday that this is one of the three possible worst-case possibilities that the 500-billion-baht program is scheduled to launch in the third quarter of this year would have.
If the online budget scheme’s application did not meet its financial signal goals, MFP list-MP Chulapong Yukate, an experienced businessman, said the three scenarios might happen.
In the first incident, protracted wars in the Middle East and Europe and looming conflicts abroad could result in a global economic crisis following season.
If this occurs, he said, Thailand risks being seriously affected due to its limited fiscal resources, which would be greatly sapped by the handout plan.
According to Mr. Chulapong, the nation would have little capacity to fend off additional financial danger.
The government can never fully survive without just tax revenue, which accounts for just 13. 7 % of its gross domestic product (