Prime Minister Srettha Thavisin has finally brought some clarity to the source of funding for the controversial digital wallet handout scheme, but many aspects of the scheme remain problematic, raising questions on whether it would see the light of day.

 

Srettha, who is also the finance minister, announced on November 10 that the Pheu Thai-led coalition government planned to borrow 500 billion baht to finance the digital wallet scheme promised by his party during the election campaign.

 

The government would propose a bill to Parliament for approval, an extra borrowing bill apart from the routine borrowing to finance expenditures under the annual budget expenditure for fiscal year 2024.

 

Full story: Thai PBS 2023-11-15

 

- Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here.

 

Get our Daily Newsletter - Click HERE to subscribe

2 hours ago, snoop1130 said:

The government would propose a bill to Parliament for approval, an extra borrowing bill apart from the routine borrowing to finance expenditures under the annual budget expenditure for fiscal year 2024.

 

I believe this is an MPs only vote, going to be interesting to see how many of the coalition partners follow their new master.

 

 

I suspect that they certainly hope so.

He's going to be an unmitigated disaster as PM.

15 hours ago, snoop1130 said:

Prime Minister Srettha Thavisin has finally brought some clarity to the source of funding for the controversial digital wallet handout scheme, but many aspects of the scheme remain problematic, raising questions on whether it would see the light of day.

If it doesn't see the light of day, the lights might go out in Thailand, there's a lot of poor people waiting for their 10,000 baht.

Many are arrayed against this scheme. The PM doesn't realize how exposed he is on this, and that it has little support.

 

Even the majority coalition - other than the PTP - seems lukewarm at best.

 

I'm not sure that if it even reaches a Parliamentary Vote, that it will pass.

 

It will face many legal challenges, the Council of State, and the Constitutional Court at a minimum.

 

 

The PM doesn't have the power/influence to make this happen. He's thinking back to his days as being the headman of his company, where his will was the way.