PUBLISHED: 05 :08 on January 3, 2024.
Despite the pause in the 10, 000 bass digital wallet handout plan, Prime Minister Srettha Thavisin is still optimistic that the business will increase.
After a cabinet meeting on Tuesday and NBP, Mr. Srettha told reporters that” we have tried our best and will do what we must accomplish and hope the market will keep improving.” He then spoke to reporters about the anticipated economic growth in the first quarter.
According to Mr. Srettha,” We initially intended to implement the modern wallet plan by February or March, but now we must look for alternative plans through tourism and financial stimulation.”
The government has been working on other tasks to boost the economy, including supporting the fish market, he said, even though the 10, 000 bass digital wallet system is still on hold.
He added that the government is also promoting visa-exemption policies to support tourism and that, starting in March, Thailand and China may entirely relinquish immigration requirements for each other’s people.
Nevertheless, Mr. Srettha expressed confidence in the government’s ability to strengthen the economy this year as more economical initiatives were implemented to enhance living standards.
He added that the government will also concentrate on trade and investment agreements.
However, the PM claimed that recent gross domestic product ( GDP ) statistics revealed the nation’s performance has fallen short of expectations when compared to other nations.
In the meantime, Deputy Finance Minister Julapun Amornvivat stated that the Council of State’s decision on the 500 billion ringgit loan costs to provide the money for the 10,000 000 rupee digital wallet system is anticipated early this month.
He asserted that the government may obstruct the constitutional consulting board’s investigation.
In order to raise money for the program, which aims to distribute 10,000 baht to every Thai person 16 and older through a digital wallet to boost the economy, the government last month asked the agency’s opinion on whether the 500-billion-bahu loan costs may be passed.
However, people would be excluded if they had a regular income of at least 70,000 baht or more than 500,000.
Mr. Julapun remarked that the management should provide the Council of State’s opinion due consideration even though it does not legally connect the authorities.