The Pheu Thai Party has deliberated on the details of its prominent policy: a 10,000 baht stipend for eligible citizens via a digital wallet, anticipated to be launched early next year.
During the party’s weekly meeting, one of its MPs questioned the progress of this policy, reflecting widespread anticipation among the public, with many eager for its swift implementation.
Julapun Amornvivat, Deputy Minister of Finance, clarified that the government values all feedback, both in support and opposition of the policy. Presently, public sentiment appears divided, with some in favor of the policy’s swift execution and others suggesting caution.
He stressed the need to elevate Thailand’s growth to align with its potential and the well-being of its citizens. While the digital wallet stipend plays a role in this vision, it is not the sole solution. Other government plans include reducing citizens’ expenses and stimulating tourism. Furthermore, efforts are underway to eliminate restrictive laws that hinder the public’s livelihoods and professional endeavors.
Deputy Minister Julapun encouraged Pheu Thai MPs to elucidate the policy’s economic stimulus role, ensuring citizens’ improved living and financial conditions. Moreover, it is essential to correct misconceptions that the policy’s funds are from purchasing foreign cryptocurrencies. Instead, the digital currency remains tied to the Thai baht, meaning every digital baht in the wallet is backed by actual Thai baht, preventing any currency value fluctuations or profit opportunities. Simplistically, it acts as a coupon equivalent to 10,000 baht, with certain terms written into the coupon itself. (NNT)
