Finance Minister acknowledges digital wallet phase 2 delayed until next year

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Pichai emphasized that proper management of the budget is crucial for the country’s long-term stability.

BANGKOK, Thailand – Deputy Prime Minister and Minister of Finance, Pichai Chunhavachira, has admitted that the second phase of the digital wallet program, which aims to distribute 10,000 baht to over 30 million registered individuals, will not be completed within this year, September 13.

“It’s unlikely to happen this year. We need to ensure the continuity and evaluate several factors together to decide what is best,” Pichai stated.

He explained that the delay is due to the need for thorough consideration of various issues. When asked whether the funds that are not used for this program will be allocated to other projects, such as infrastructure investments, Pichai emphasized that proper management of the budget is crucial for the country’s long-term stability. He noted that the priority is to invest in areas that yield the most immediate and sustainable benefits for the nation. (TNA)