A Member of Parliament (MP) from Pheu Thai Party has indicated that the government program to provide a 10,000-baht stipend through digital wallet is completely separated from the initiative to create a cash circulation system through blockchain technology.
MP Worawat Ear-apinyakul from Prae elaborated on the issue. He urged the public to consider the end results of similar government programs like universal healthcare, the Village Fund, and OTOP (One Tambon One Product). The MP argued that the government is not simply giving away free money. Instead, it aims to incentivize investments, thereby stimulating the economy in a closed system that controls monetary expenditure. The ultimate outcome will be tax revenue for the government.
On the topic of government funding, Worawat pointed out that there is an annual surplus of 4.8 trillion baht outside the government’s regular budget. The real question is how and when the government will choose to distribute this wealth into the financial system for the benefit of the public.
Worawat expressed confidence in the Pheu Thai Party’s economic team. He believes they are capable of finding the right moment to implement policies like the issuance of 50 million rai of land titles, which could add an additional 5 trillion baht of financial security. With projects aimed at increasing citizens’ income through job creation and raising OTOP workgroups to industrial levels, he is confident that prosperity will reach the public within four years.
Lastly, the MP emphasized the government’s focus on tourism as a primary goal to boost the economy. He is optimistic that the government can efficiently resolve the country’s economic issues. (NNT)
