The Thailand Government plans to launch a 10,000-baht digital wallet initiative to benefit 50 million residents. However, Deputy Finance Minister, Chulaphan Amornvivat, announced at a Government House meeting that two unidentified groups would be ineligible for the project.

 

Based on previous state projects, the government expects a 90% subscription rate, meaning they have earmarked 450 billion baht to cover 45 million participants. Finance Ministry in partnership with the Budget Bureau have reviewed the project’s funding, which will come from the budget allocations for 2024 and 2025.

 

For 2024, an additional budget of 122 billion baht will be proposed to the House of Representatives, along with 43 billion baht from financial and budget management. For the 2025 budget, they will allocate 152 billion baht, plus an additional 132 billion baht for financial management.

 

Deputy Minister Chulaphan mentioned that the exact dates for registration will be confirmed soon, with rollout planned for the fourth quarter. The Bank of Thailand will remain in charge of the system's security.

 

 

Chulaphan also clarified that the Digital Government Development Agency has been developing the platform, and will then pass the responsibility to the outsourcing team. The initiative is intended to stimulate economic growth by enhancing public spending.

 

A list of prohibited goods and services for the digital wallet has been developed. The Commerce Ministry has the authority to revise this list, subject to subcommittee approval, for example, on items such as firearms.

 

Individuals or businesses previously in violation of state project terms or involved in reimbursement litigation will not be eligible for the scheme. The Cabinet will review the plan next week, with comprehensive details set to be released soon.

 

The Prime Minister of Thailand hinted that the registration for the digital wallet may open on August 1, with detailed guidelines and eligibility criteria to be announced shortly.

 

File photo for reference only

 

-- 2024-07-15

 

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This sounds like a scam ripe for plucking.

Hundreds of billions of baht into "digital wallets" for select citizens to spend however they want (except maybe not for firearms wink wink, nudge nudge).

Number of hours before people claim they were scammed out of the money ?
Number of days before someone discovers that "people" connected to other "people" have registered hundreds of times.

Someone has to pay for all that. Hmmm, I wonder who........
 

Gobbledegook. What is financial management?

42 minutes ago, snoop1130 said:

For the 2025 budget, they will allocate 152 billion baht, plus an additional 132 billion baht for financial management.

Is this a sneaky way of saying that the financial management of the project will cast almost as much as the project itself? Who is doing the "financial management"?

 

43 minutes ago, snoop1130 said:

The Thailand Government plans to launch a 10,000-baht digital wallet initiative to benefit 50 million residents. However, Deputy Finance Minister, Chulaphan Amornvivat, announced at a Government House meeting that two unidentified groups would be ineligible for the project.

Who are the two unidentified groups? 

36 minutes ago, retarius said:

Who are the two unidentified groups? 

 

They are unidentified.

 

Totster 😀

2 hours ago, retarius said:

Gobbledegook. What is financial management?

Is this a sneaky way of saying that the financial management of the project will cast almost as much as the project itself? Who is doing the "financial management"?

 

Who are the two unidentified groups? 

Men and woman

3 hours ago, snoop1130 said:

However, Deputy Finance Minister, Chulaphan Amornvivat, announced at a Government House meeting that two unidentified groups would be ineligible for the project.

 

Prisoners? And? Monks maybe. 

12 hours ago, snoop1130 said:

The initiative is intended to stimulate economic growth by enhancing public spending.

Pure fallacy...

Maybe this:

• "The ruling Pheu Thai party had initially suggested digital wallet payments for all Thais 16 and older, but later this was limited to only lower-income Thais, defined as people with yearly incomes not exceeding 840,000 baht (about $23,000) and savings in financial institutions not totaling more than 500,000 baht ($13,700)."

"Thailand is set to roll out a controversial $13.8 billion handout plan in digital money to citizens," July 15, 2024

https://apnews.com/

14 hours ago, snoop1130 said:

Chulaphan also clarified that the Digital Government Development Agency has been developing the platform, and will then pass the responsibility to the outsourcing team

 

... and the outsourcing team will pass responsibility to someone else after they filled their pockets ...

49 minutes ago, Srikcir said:

• "The ruling Pheu Thai party had initially suggested digital wallet payments for all Thais 16 and older, but later this was limited to only lower-income Thais, defined as people with yearly incomes not exceeding 840,000 baht (about $23,000) and savings in financial institutions not totaling more than 500,000 baht ($13,700)."

 

I wonder how the uneducated and illiterate older (& some younger) members of my Khmer peasant family will manage/access their 'digital wallet' ...

Ah, let the carnage begin. As we all know there is no such thing as free money. The people will pay dearly for the brief moment of happiness they get when they spend their 500baht. The men will be getting their bottle of whiskey and smokes, the women a black eye or two, and some bruised ribs. The children, sleepless nights.

21 minutes ago, mfd101 said:

I wonder how the uneducated and illiterate older (& some younger) members of my Khmer peasant family will manage/access their 'digital wallet' ...

 

They won't.  It's only for Thai nationals.

 

It's rather ridiculous if, as Pheu Thai claims, the handout is to boost the economy.  10,000 baht spent by a Khmer peasant or unregistered hill tribe person would stimulate the economy every bit as much as the same money spent by a Thai person.  For that matter, so would 10,000 baht spent by an expat.  I'm beginning to suspect that the real purpose wasn't to boost the economy.  But surely politicians wouldn't lie about such a thing.

1 hour ago, Foxx said:

 

They won't.  It's only for Thai nationals.

 

It's rather ridiculous if, as Pheu Thai claims, the handout is to boost the economy.  10,000 baht spent by a Khmer peasant or unregistered hill tribe person would stimulate the economy every bit as much as the same money spent by a Thai person.  For that matter, so would 10,000 baht spent by an expat.  I'm beginning to suspect that the real purpose wasn't to boost the economy.  But surely politicians wouldn't lie about such a thing.

 

Exactly.....I want my 10,000 baht......If I spent my 10,000 in GoGo bars I guarantee there would be a lot of stimulating going on.. 

1 hour ago, Foxx said:

It's only for Thai nationals.

For your information, the Khmer peasants who have lived in the southern 1/4 of Isaan for the last several hundred years ARE Thai nationals. They are referred to as 'Khmer' (not 'Cambodian') because their first language (at least of the over 50s) is northern Khmer, and they have Khmer temples different from the Lao temples of the Lao people who occupy the northern 3/4 of Isaan.

 

All of them - Khmer & Lao & Suai & multiple other small groups (the leftovers of history) - are Thai nationals despite different cultural traits.

4 minutes ago, mfd101 said:

 

 

4 hours ago, Foxx said:

 

They won't.  It's only for Thai nationals.

 

It's rather ridiculous if, as Pheu Thai claims, the handout is to boost the economy.  10,000 baht spent by a Khmer peasant or unregistered hill tribe person would stimulate the economy every bit as much as the same money spent by a Thai person.  For that matter, so would 10,000 baht spent by an expat.  I'm beginning to suspect that the real purpose wasn't to boost the economy.  But surely politicians wouldn't lie about such a thing.

There are plenty of citizens who are Thai nationals but identify as Khmer and speak as their first language one of many Khmer dialects.

I have them in my family.

As well as others who speak the Lao dialect.

Thailand is full of ethnic groups whose culture and language isn't central Thai orientated but are Thai nationals.

There's an awful lot of detailed planning and posturing going on for a program that has yet to be funded or even approved.

19 hours ago, retarius said:

Is this a sneaky way of saying that the financial management of the project will cast almost as much as the project itself? Who is doing the "financial management"?

 

That will be the Shinawatra family management fee.

illegal vote buying money, and they LOST the elections

20 hours ago, retarius said:

Gobbledegook. What is financial management?

Is this a sneaky way of saying that the financial management of the project will cast almost as much as the project itself? Who is doing the "financial management"?

 

Who are the two unidentified groups? 

 

20 hours ago, snoop1130 said:

Individuals or businesses previously in violation of state project terms or involved in reimbursement litigation will not be eligible for the scheme.

 

21 hours ago, snoop1130 said:

For 2024, an additional budget of 122 billion baht will be proposed to the House of Representatives, along with 43 billion baht from financial and budget management. For the 2025 budget, they will allocate 152 billion baht, plus an additional 132 billion baht for financial management.

Financial Management My Foot I call that thieving Corruption for the Greedy deep pocket thieves. 

Amornvivat, announced at a Government House meeting that two unidentified groups would be ineligible for the project.

This sounds Fishy ,they are looking  how they can stop some people from getting this money and how much they can put in their own pockets.

Maybe they are looking at people who are not registered and the ones that don't pay Tax .

That would be  Most day workers in the building industry/farms /all the Food/clothes Vendors/Markets . 

They can save Billions if they look for that.

On 7/15/2024 at 6:08 PM, Kerryd said:

This sounds like a scam ripe for plucking.

Hundreds of billions of baht into "digital wallets" for select citizens to spend however they want (except maybe not for firearms wink wink, nudge nudge).

Number of hours before people claim they were scammed out of the money ?
Number of days before someone discovers that "people" connected to other "people" have registered hundreds of times.

Someone has to pay for all that. Hmmm, I wonder who........
 

Farangs, through the updated RD tax compliance laws for foreign residents of stay greater than 180 days. 5555