Move Forward party warns against loans to fund digital wallet scheme

[snoop1130]

 

Move Forward party-list MP and deputy leader Sirikanya Tansakul said today that the government’s decision to procure loans to fund the digital wallet scheme is risky, because it may violate the Constitution and the Fiscal Discipline Act.

 

Responding to Prime Minister Srettha Thavisin’s announcement of new guidelines for the scheme, she said that the government has chosen the most difficult path by deciding on the issuance of a Loan Bill to procure funding, knowing that there is no urgency to justify the borrowing, citing the case of the two trillion baht loan bill of a previous government, which was struck down by the Constitutional Court.

 

She said that she suspects that the government might, in reality, want the scheme to be scrapped, because it has reached a dead end when trying to find the money to fund it and decided on a risky path through the issuance of a loan bill.

 

Caption: Move Forward deputy leader Sirikanya Tansakul

 

Full story: Thai PBS 2023-11-10

 

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[RanongCat]

I suspect  she may be right in terms of prudent social fiscal consideration but  vested interest in the payoff of the populist concept  will  force implementation. Greed rules.

[Keep Right]

"Vested Interest" as in corruption. The Thais only care about money, nothing else matters to them.

[hotchilli]

12 hours ago, snoop1130 said:

Responding to Prime Minister Srettha Thavisin’s announcement of new guidelines for the scheme, she said that the government has chosen the most difficult path by deciding on the issuance of a Loan Bill to procure funding, knowing that there is no urgency to justify the borrowing, citing the case of the two trillion baht loan bill of a previous government, which was struck down by the Constitutional Court.

Government is broke, it has to fund this bribe one way or another.

[mancub]

Robbing Sombat to pay Somchai.

[Sydebolle]

It is not my money and I am not a beneficiary of it but maybe someone is calling the whole thing what it is. 

The THB 10'000 you want to distribute among 56 million Thai citizen is being paid by your own tax payers. As many beneficiaries are not paying (that much, if at all any) tax, the burden remains mostly with the Bangkokians. Latter wonder for a long time already, why they have to pay for all while their vote is continuously overruled and hence can result in a civil unrest in the future - latest then, when the Bangkokians had it.

The government owns NOTHING, it redistributes money by taking it on one side and handing it out on the other side. Sometimes the other side is called "themselves", but that again is a completely different story. 

[Cake Monster]

Borrowing to fund the 10K Wallet scheme, is probably something that the Money, Stock, and Investment Markets Globally did not want to hear.

[stupidfarang]

500,000,000,000 Thai Baht equals USA $13,757,755,000.00