snoop1130 Posted January 5 Share Posted January 5 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 - 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 1 1 Link to comment Share on other sites More sharing options...
Popular Post Pouatchee Posted January 5 Popular Post Share Posted January 5 (edited) 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 by Pouatchee 1 1 3 Link to comment Share on other sites More sharing options...
still kicking Posted January 5 Share Posted January 5 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. Link to comment Share on other sites More sharing options...
hydraides Posted January 5 Share Posted January 5 NWO in full swing and thailand lying down to allow it...... 1 1 Link to comment Share on other sites More sharing options...
blackcab Posted January 5 Share Posted January 5 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. 1 Link to comment Share on other sites More sharing options...
Dodgy Member Posted January 5 Share Posted January 5 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. Link to comment Share on other sites More sharing options...
hotchilli Posted January 5 Share Posted January 5 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. 1 Link to comment Share on other sites More sharing options...
2baht Posted January 5 Share Posted January 5 14 minutes ago, hotchilli said: A complete debacle again. Yes, the plan is coming together! 1 Link to comment Share on other sites More sharing options...
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