The B10, 000 each circulation to 2.7 million young people is anticipated to begin next month.
PUBLISHED: 29 Apr 2025 at 18: 58
Following year’s cabinet meeting will discuss the next phase of the government’s 10-millibaht handout, according to Deputy Finance Minister Julapun Amornvivat, who confirmed on Tuesday that the move would be made in advance of its planned rollout in May and June.
” This is still in line with the original timeline. No modifications have been made, he claimed, despite the fact that everything has been properly prepared.
As part of a wider economic stimulus item, the next step of the plan was approved in March. It aims to reach 2.7 million 16 to 20-year-olds who will each get 10,000 Baht via electronic cards.
Prior aspects of the program offered the 10, 000-baht of monetary assistance to welfare users, people with disabilities, and seniors over the age of 60 using PromptPay.
Additionally, Mr. Julapun noted that complex program integration was being coordinated easily between financial organizations and government agencies.
The handbook program is attracting some dubious attention yet as arrangements continue. Some economists claim that the program’s first two stages did not significantly increase intake as they had hoped.
The National Anti-Corruption Commission is currently receiving a complaint from a group of political critics asking for a probe into the 35 billion baht’s redistribution from the 2025 governmental budget.
The petition claims that the money, which was originally intended to be used to pay debt, is now being used to pay for the handout, probably in violation of fiscal rules.
Mr. Julapun reiterated in his answer that the administrative process was carried out completely in accordance with legal rules. He made it clear that the budget’s interest and loan repayment groups are distinct, and that the reallocated money did not violate payments made for public debt servicing.
I as a member of the committee overseeing the 2025 resources, I can assure you that the budget’s approval was complete and valid in every way, he said.
The petition ‘ right to clarity is up to the petitioner, and we will hold the decision-making body’s approval.
After the World Bank cut its GDP growth forecast for the nation from 2.6 % to 1.6 %, Mr. Julapun also addressed concerns about the overall state of the economy. He attributed this to the effect of US trade and tariff guidelines, noting that continued negotiations have not yet fully accounted for global shifts in trade dynamics.
The result of tax negotiations with the United States and other trading lovers is still uncertain, according to Mr. Julapun, “forecasts at this point remain inadequate.”
When these discussions are over, he added, a deeper analysis of GDP estimates will be carried out. In the near future, the Fiscal Policy Office is expected to release updated financial forecasts.
The main issue, he said, is the broader impact of global commerce inequities on different markets.