Govt has Plan B if it fails to borrow from BAAC to fund digital wallet – Paopoom

[webfact]

The government has plans B and C prepared, in case it cannot borrow 172.3 billion baht needed to fund the digital wallet scheme from the Bank of Agriculture and Agricultural Cooperatives (BACC), Deputy Finance Minister Paopoom Rojanasakul told the media today.

 

He admitted that the Finance Ministry has not yet sought a ruling from the Council of State as to whether the granting the loan by the BAAC goes against the objectives of the bank, because the ministry is yet to compile all the relevant details about the scheme for sending to the Council of State.

 

He said that the controversial scheme is, however, proceeding in accordance with the timeline, adding that the digital wallet subcommittee will meet this Wednesday to sum up all the relevant conditions.

 

Full story: Thai PBS 2024-07-09

 

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[smedly]

borrow ?

 

why ?, at this moment I would not be lending this government a penny.

 

maybe you need to rethink your priorities - 

[Gottfrid]

22 minutes ago, webfact said:

The government has plans B and C prepared, in case it cannot borrow 172.3 billion baht needed to fund the digital wallet scheme from the Bank of Agriculture and Agricultural Cooperatives (BACC)

Must feel nice for the people to know that there is 2 backup plans to really destroy Thailand´s economic outlook.

[sammieuk1]

Digital maleficence by the sound of this baloney, the wallet is old mother hubbard bare before it even starts 🤔  

[bamnutsak]

Capt. Thamanat Prompow to the rescue.

 

[ikke1959]

Borrow the money means paying interest and pay back and that would harm the economy much more than not giving the 10k.. Besides the Government always has money enough... print a lot money it will raise the inflation but who cares, as long as the 10k goes on 

[brianthainess]

2 hours ago, webfact said:

Bank of Agriculture and Agricultural Cooperatives (BACC), Deputy Finance Minister Paopoom Rojanasakul told the media today.

Maybe they could pay it back in bags of flour..........

[bob smith]

This lot couldn't organize a gangbang in a brothel!

 

bob.

[hotchilli]

4 hours ago, webfact said:

The government has plans B and C prepared, in case it cannot borrow 172.3 billion baht needed to fund the digital wallet scheme from the Bank of Agriculture and Agricultural Cooperatives (BACC), Deputy Finance Minister Paopoom Rojanasakul told the media today.

Another 23 letters left for wriggle room.

[hotchilli]

2 hours ago, brianthainess said:

Maybe they could pay it back in bags of flour..........

Aged rice?

[brianthainess]

1 minute ago, hotchilli said:

Aged rice?

Nah Flour not to be sniffed at, can make loads of Dough from that......

[Crossy]

5 minutes ago, hotchilli said:

Another 23 letters left for wriggle room.

 

Then roll over to Plan AA, AB etc. that will allow 626 plans in total before needing AAA etc. Even the Thai government shouldn't need 15,600 plans, should they??

[hotchilli]

1 minute ago, Crossy said:

 

Then roll over to Plan AA, AB etc. that will allow 626 plans in total before needing AAA etc. Even the Thai government shouldn't need 15,600 plans, should they??

That's 50/50

[hotchilli]

4 minutes ago, brianthainess said:

Nah Flour not to be sniffed at, can make loads of Dough from that......

Capt. Thamanat Prompow could organise that?

[NoDisplayName]

2 hours ago, brianthainess said:

Maybe they could pay it back in bags of flour..........

 

They have a couple warehouses full of vintage rice..........

[DPKANKAN]

5 hours ago, smedly said:

borrow ?

 

why ?, at this moment I would not be lending this government a penny.

 

maybe you need to rethink your priorities - 

Like cancelling a poor quality wrong contracted submarine and getting the massive deposit back!!!!

[john donson]

illegal vote buying by the party that did not even win the elections

 

outlaw it, save 172 BILLION BAHT

[Srikcir]

Plan D - new elections!

[0ffshore360]

The Insurance Branch of the BAAC is already attracting negative comment from people having claims delayed or paid in increments. Take away the Bank proper funds ?

[Jimjim1]

Don’t forget they are going to TAX expats, you know them they are the people who have helped to keep Thailand afloat with their spending power alone, but as is the Thai way of let’s whack a farang mentality prevails ever stronger

[Enzian]

My tgf owes the BAAC a tidy sum for money she borrowed from it to buy a parcel of land back at a time when she was flush. Maybe the Bank could consider forgiving the debts of her and people like her before handing all this money over to a political party to buy votes (which doesn't make sense because the results of any election are decided by the power elite after the fact and not by vote numbers anyway). Or maybe the loan to PT will crash the Bank and all those debts will be washed away in the liquidation; I can dream at least.

[Pouatchee]

let thay criminal taxin and his crony sreta foot the bill... together i am sure they have the cash. let them put their money where their mouths are