webfact Posted March 20 Share Posted March 20 With a budget proposal of 3.48 trillion baht (US$96.5 billion) for the fiscal year under discussion, the Government of Thailand is determined to proceed with a significant 500-billion-baht (US$13.8 billion) digital wallet handout scheme, according to Deputy Finance Minister, Julapun Amornvivat. During the parliamentary debate, Julapun stated the possible necessity of securing a loan via a bill to finance the scheme. The initiative, designed to provide 10,000 baht to each of the 50 million Thai citizens over six months, has raised concerns regarding its funding method, with critics branding it as fiscally reckless. Despite the criticism, the government is adamant about the scheme’s implementation, Julapun confirmed. “Should there be adjustments, we’ll likely seek consent from the Parliament members once again. But the project will assuredly proceed.” Furthermore, the government is optimistic about attaining a balanced budget in due time. The 2024 fiscal year’s budget, ending in September, aspires to increase spending by 9.3% and reduce the budget deficit by 0.3% to 693 billion baht from the preceding year. Upon the budget’s second and third readings in the debate, the Senate will need to approve it, followed by a royal endorsement, reported Bangkok Post. The government anticipates the budget to be ready for deployment by the start of next month, a delay from the initial commencement date of October 1, 2023. The postponement stems from a prolonged political stalemate after last year’s General Election on May 14. The new government was established in August. Meanwhile, in related government news, a significant financial boost of 300 million baht (US$8.3 million) has been granted by the Thai Cabinet for the development of 13 projects aimed at tourism growth across four northern provinces: Phayao, Chiang Rai, Phrae, and Nan. The decision was made during a mobile meeting in Phayao, overseen by Prime Minister Srettha Thavisin during his two-day visit to the region. On his tour, he also took time to survey the prospective location for a new airport in Phayao. During this visit, the Cabinet green-lit a proposal to establish a new Tourism Authority of Thailand (TAT) office in Phayao by the end of this year. This move falls in line with the broader plan to transform Phayao into the north’s primary tourism hotspot. by Alex Morgan Picture courtesy of Bangkok Post Source: The Thaiger 2024-03-21 - Discover how Cigna Insurance can protect you with a range of visa-compliant plans that meet the minimum requirement of medical treatment. For more information on expat health insurance click here. Get our Daily Newsletter - Click HERE to subscribe 2 2 2 Link to comment Share on other sites More sharing options...
Popular Post flyingtlger Posted March 20 Popular Post Share Posted March 20 36 minutes ago, webfact said: The initiative, designed to provide 10,000 baht to each of the 50 million Thai citizens over six months, has raised concerns regarding its funding method, with critics branding it as fiscally reckless. The next generation will pay dearly for this..... 2 1 1 1 6 Link to comment Share on other sites More sharing options...
Kim Jones Posted March 20 Share Posted March 20 Wonder what the age cut off is? Will my 10 year old daughter be eligible? Link to comment Share on other sites More sharing options...
Popular Post hotchilli Posted March 21 Popular Post Share Posted March 21 4 hours ago, webfact said: With a budget proposal of 3.48 trillion baht (US$96.5 billion) for the fiscal year under discussion, the Government of Thailand is determined to proceed with a significant 500-billion-baht (US$13.8 billion) digital wallet handout scheme, according to Deputy Finance Minister, If they don't honour it they will never win another election. 1 2 1 Link to comment Share on other sites More sharing options...
NE1 Posted March 21 Share Posted March 21 12 minutes ago, hotchilli said: If they don't honour it they will never win another election. Not to worry , they have 3.48 Trillion baht to get their sticky little fingers into before then. 1 Link to comment Share on other sites More sharing options...
Popular Post Karma80 Posted March 21 Popular Post Share Posted March 21 30 minutes ago, hotchilli said: If they don't honour it they will never win another election. They didn't really win this one, in fairness. So it doesn't really matter. 4 1 1 3 Link to comment Share on other sites More sharing options...
jacko45k Posted March 21 Share Posted March 21 32 minutes ago, hotchilli said: If they don't honour it they will never win another election. Is that a factor here... I have not really appreciated what that results in here yet? 1 Link to comment Share on other sites More sharing options...
Popular Post redwood1 Posted March 21 Popular Post Share Posted March 21 If retired expats dont also get 10,000 I will stop drinking Chang and Singha and start drinking San Miguel light.... 4 Link to comment Share on other sites More sharing options...
Skipalongcassidy Posted March 21 Share Posted March 21 5 minutes ago, redwood1 said: If retired expats dont also get 10,000 I will stop drinking Chang and Singha and start drinking San Miguel light.... Hopefully you are a man of your word... goodbye... you won't be happy in Mexico either... 555555 1 Link to comment Share on other sites More sharing options...
Srikcir Posted March 21 Share Posted March 21 57 minutes ago, hotchilli said: If they don't honour it they will never win another election. PTP didn't really "win" the 2023 election, ie., in the Parliament House. Which is why it must go forward with the scheme. Political "honor" is irrelevant. 1 1 Link to comment Share on other sites More sharing options...
worgeordie Posted March 21 Share Posted March 21 This was just a vote buying ploy ,Thaksin realised long ago give the public populist policies ,use Government money and you don't have to use your own money to buy votes ,that was the norm before then ,as with all populist policies before there will be shrinkage ,thats a given ,then the Thai Government will be saddled with even more debt for years ahead.......when the 10 K has been long gone.. regards Worgeordie 2 Link to comment Share on other sites More sharing options...
Presnock Posted March 21 Share Posted March 21 1 hour ago, Kim Jones said: Wonder what the age cut off is? Will my 10 year old daughter be eligible? I thought originally it was from age 16...but at 77 I might be mistaken. Surely someone has the criteria. Link to comment Share on other sites More sharing options...
fondue zoo Posted March 21 Share Posted March 21 (edited) 50 minutes ago, redwood1 said: San Miguel light horrible Edited March 21 by fondue zoo Link to comment Share on other sites More sharing options...
NorthernRyland Posted March 21 Share Posted March 21 Free money from the government, aka the people who have no money unless they take it from you first. I wonder where they're getting the money from for their free money scheme? 1 Link to comment Share on other sites More sharing options...
fondue zoo Posted March 21 Share Posted March 21 They definitely have mighty wood for this idea. It won't impact the economy aside from more debt? We know they don't care about future wins or losses, why would they, so who is this really for? It gives off a real wheels within wheels vibe. 1 Link to comment Share on other sites More sharing options...
Popular Post DPKANKAN Posted March 21 Popular Post Share Posted March 21 They still have not explained how the most neediest poor people living in the boonies, with no bank accounts, no electric, no mobile phones are going to get their share!!!! 2 1 Link to comment Share on other sites More sharing options...
Popular Post Tropicalevo Posted March 21 Popular Post Share Posted March 21 2 minutes ago, DPKANKAN said: They still have not explained how the most neediest poor people living in the boonies, with no bank accounts, no electric, no mobile phones are going to get their share!!!! So true. People think that everyone has 'smart' phones and internet access. Not to worry though. The hi-so's in their Ferrari's will be OK with their up-to-date latest version iPhones will still get their 10k. "Boss" is already thinking about what to spend his on. 2 2 Link to comment Share on other sites More sharing options...
lordgrinz Posted March 21 Share Posted March 21 Thaksin's vote buying scheme is almost complete, and future generations will pay for it, everyone is happy! 1 1 Link to comment Share on other sites More sharing options...
hotchilli Posted March 21 Share Posted March 21 1 hour ago, Karma80 said: They didn't really win this one, in fairness. So it doesn't really matter. Laterally thinking they won even before the election... MFP like the FFP had no chance of getting into parliament 1 1 Link to comment Share on other sites More sharing options...
Popular Post fulhamster Posted March 21 Popular Post Share Posted March 21 3 hours ago, hotchilli said: If they don't honour it they will never win another election. They didn't win the last one 1 2 1 Link to comment Share on other sites More sharing options...
hotchilli Posted March 21 Share Posted March 21 50 minutes ago, fulhamster said: They didn't win the last one Ultimately they did.... Link to comment Share on other sites More sharing options...
ozz1 Posted March 21 Share Posted March 21 Too bad they dont let the thais pay off some of their household debt with it but that would be too sensible Link to comment Share on other sites More sharing options...
john donson Posted March 21 Share Posted March 21 so next election, just promise 100k for every vote buyer to be sure ? Link to comment Share on other sites More sharing options...
smedly Posted March 21 Share Posted March 21 11 hours ago, webfact said: is determined to proceed with a significant 500-billion-baht (US$13.8 billion) digital wallet handout scheme doesn't mean it has been approved for payment - just more deflection your check is in the post lol 1 Link to comment Share on other sites More sharing options...
smedly Posted March 21 Share Posted March 21 2 hours ago, hotchilli said: Ultimately they did.... define "win" 1 1 Link to comment Share on other sites More sharing options...
hotchilli Posted March 21 Share Posted March 21 58 minutes ago, smedly said: define "win" In power... Link to comment Share on other sites More sharing options...
Moonlover Posted March 21 Share Posted March 21 7 hours ago, DPKANKAN said: They still have not explained how the most neediest poor people living in the boonies, with no bank accounts, no electric, no mobile phones are going to get their share!!!! 9 hours ago, Kim Jones said: Wonder what the age cut off is? Will my 10 year old daughter be eligible? These issues are addressed in this article. https://www.nationthailand.com/thailand/economy/40030624 Link to comment Share on other sites More sharing options...
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