Deputy Finance Minister Julapun Amornvivat said today that the government’s decision to issue a bill to authorise borrowing for the funding needed for the digital wallet scheme is the most straightforward and transparent approach, because members of parliament can debate the issue and set up a panel to increase or cut the amount of the borrowing.

 

This statement was made by Julapun in an X post, in response to criticism from opposition MPs during yesterday’s budget bill debate in parliament over why the scheme was not included.

 

The deputy finance minister said the 500 billion baht in borrowing to fund the scheme is well within financial disciplinary frameworks and the loan will push Thailand’s public debt from 62% to 64% of the GDP, which is still manageable, without additional risk.

 

Full story: Thai PBS 2024-01-05

 

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Loan bill to fund “digital wallet” appropriate

 

and poop is appropriate if youre a toilet. indebting thailand to get brownie points with the populace to insure election...  never mind this -->

 

2 hours ago, snoop1130 said:

the loan will push Thailand’s public debt from 62% to 64% of the GDP, which is still manageable, without additional risk.

 

so only 2%... how much is that? millions, billions, trillions?

 

will anyone stand up to this obvious crock of excrements?

Edited January 5, 20242 yr by Pouatchee

4 minutes ago, Pouatchee said:

 

Loan bill to fund “digital wallet” appropriate

 

and poop is appropriate if youre a toilet. indebting thailand to get brownie points with the populace to insure election...  never mind this -->

 

 

so only 2%... how much is that? millions, billions, trillions?

 

will anyone stand up to this obvious crock of excrements?

No.

 

NWO in full swing and thailand lying down to allow it......

2 hours ago, Pouatchee said:

so only 2%... how much is that? millions, billions, trillions?

 

If 2 per cent is 500 billion baht then 64 per cent would be 16 trillion baht, or about USD460 billion. The US currently has something like 34 trillion dollars of public debt, which is something like 74 times the amount Thailand has.

 

I'm not saying this is good or bad, just giving the numbers.

Who would loan this money, knowing that it would never be repaid?  They'll print it into existence like is done in Europe and other parts of the world.   These clowns should be whipped and urinated on, then shot so they don't collect another satang of largesse. 

11 hours ago, snoop1130 said:

Deputy Finance Minister Julapun Amornvivat said today that the government’s decision to issue a bill to authorise borrowing for the funding needed for the digital wallet scheme is the most straightforward and transparent approach, because members of parliament can debate the issue and set up a panel to increase or cut the amount of the borrowing.

A complete debacle again.

14 minutes ago, hotchilli said:

A complete debacle again.

Yes, the plan is coming together!