24 October 2023 at 05: 27 PUBLISHED
Despite mounting opposition, the government will continue to implement its 10,000-baht digital currency release program, according to Prime Minister Srettha Thavisin on Monday.
Mr. Srettha, who likewise serves as finance minister, dismissed concerns about a lack of quality, particularly regarding how it will be funded.
I demand that the plan be implemented. We are working on fine-tuning specifics regarding the scheme’s money supply and how to use the handbook program. After a gathering of the sub-committee steering the structure, specifics are anticipated to become apparent, according to Mr. Srettha.
Deputy Finance Minister Julapun Amornvivat stated earlier on Monday that the government must proceed cautiously with the proposed plan in order to prevent any legitimate disputes. Additionally, he acknowledged that the state had not yet discovered a way to finance the plan.
Despite the sub-committee planning the information having yet to plan its second meet due to disagreements over how the scheme may be funded, he insisted that it will still be launched on Feb 1 of the following year as scheduled.
According to Mr. Julapun, there are numerous significant factors that may cause the release to be delayed.
” When the program is launched, we need to make sure it is secure. It’s also crucial to safeguard the privacy of private information. Furthermore, adherence to the law may be disregarded.
I spoke with the prime minister in the morning, but he didn’t give me any specific directions. And it is still unknown when the sub-committee’s second meeting will be held, according to Mr. Julapun.
Additionally, he asserted that the government would take extra precautions to make sure the program and its funding were legal and that it would not apply for loans from the Government Savings Bank ( GSB ).
He continued by saying that the sub-committee will forwards the matter to the principal electronic wallet policy committee once it has finalized the details, especially the source of funding.
Rosana Tositrakul, a former senator, has requested that the Election Commission look into the policy’s propriety and how Pheu Thai do finance it.
According to Ms. Rosana, the EC should think about whether the money may be legal or not if the government needed to borrow money to carry it out. She claimed that no financial crisis could support such a handout.
The Government Savings Bank Act does not permit the GSB to give money to the government to fund plans or initiatives, according to a record MP of the opposition Movement Forward Party named Sirikanya Tansakun posted on Facebook.
She wrote,” Section 7 of the law specifies evident reasons for the corporation’s operations, but nowhere in the area is it mentioned that the authorities is permitted to use from the branch.”