Pheu Thai confident digital wallet bill will pass final House readings

[snoop1130]

 

Pheu Thai Party expresses confidence that its supplementary bill, designed to fund the flagship digital wallet handout scheme, will pass the House’s second and third readings tomorrow.

 

A Pheu Thai MP-list and chief government whip, Wisut Chainaroon, asserted that the bill will pass due to the digital wallet scheme igniting new hope among the public.

 

The final deliberation of the bill is expected to conclude within four hours, with only 20 MPs having posed questions about the scheme’s budget, according to Wisut.

 

Seeking an increase of 122 billion baht for the current fiscal year’s budget, the bill successfully passed its first reading in the House of Representatives on July 17.

 

A Pheu Thai MP for Udon Thani and spokesperson for the committee, Thirachai Saenkaew, studying the supplementary bill stated that the panel reviewed the bill three times and is prepared to address all parliamentary questions.

 

“We invited various agencies to provide information. We have confirmed the digital wallet project covers all groups of people, including those who do not have smartphones. The application will be ready for the project when it is launched.”

 

 

Budget Bureau

 

Addressing concerns from opposition parties regarding the 2024 budget’s applicability to 2025, Thirachai noted that the Budget Bureau confirmed the 2024 budget could be extended into the next year.

 

He expressed confidence that the bill’s second and third readings would proceed as smoothly as the first.

 

A source disclosed that although the scrutiny committee agreed with the bill in principle, it raised several points for the government to consider.

 

The government should specify in the project’s terms of reference that it will collect users’ spending data to monitor the economic impact of the stimulus scheme.

 

The panel recommended that the government distinguish between investment expenditures and regular expenditures. It also suggested that the Budget Bureau provide a detailed definition of investment expenditure to ensure clarity.

 

Additionally, the committee advised creating a clear list of prohibited items or services that cannot be purchased with the handout money.

 

The Trade Competition Commission should be involved in providing advice and evaluating the project’s impact on the retail and wholesale markets, the source indicated.

 

The government must establish penalties for those who violate the project’s rules and create a unit or channel for the public to file complaints or seek assistance regarding wrongdoers, the source added.

 

Furthermore, the Personal Data Protection Committee and the Office of the Personal Data Protection Committee should participate in the project to ensure data protection compliance, reported Bangkok Post.

 

By Sarishti Arora

Picture courtesy of pymnts.com official website

 

Full story: The Thaiger 2024-07-29

 

 

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[TheAppletons]

1 hour ago, snoop1130 said:

A Pheu Thai MP-list and chief government whip, Wisut Chainaroon, asserted that the bill will pass due to the digital wallet scheme igniting new hope among the public.

 

 

  PM Sretta Thavisin said, "With this new scheme, Thailand is poised to become the ASEAN hub of ignition."   Probably.

[ikke1959]

the hub of ignition to economic disaster

[MisterTee]

This obvious vote-buying scheme has Thaksin's dirty fingerprints all over it,

[hotchilli]

14 hours ago, snoop1130 said:

A Pheu Thai MP-list and chief government whip, Wisut Chainaroon, asserted that the bill will pass due to the digital wallet scheme igniting new hope among the public

Nice speech, will people get the 10K plus interest?

[kingstonkid]

This is dead PM anutin will kill it along with the BJT Senate.

[jippytum]

This inducement to voters didn't win them the election. To save face they will press ahead and damage the economy of the country. The big winners will be the Thai billionares not poor Thai people who  bear the cost of Thaksins populist policies as history shows they have done in the past. 

[john donson]

who will profit except CP and other friends?

[redwood1]

I bet loads of Thais cant wait to register 20 or 30 ghost friends for a really whopping payday..........If so they will be needing a lot more money....

[Pouatchee]

On 7/29/2024 at 4:59 PM, TheAppletons said:

 

  PM Sretta Thavisin said, "With this new scheme, Thailand is poised to become the ASEAN hub of ignition."   Probably.

 

Did he say what it would ignite?

 

Time for an...

AN General Knowledge Quiz:

What will this hub ignite?

a. A car

b. A cigarette

c. hay

d. dynamite

e. A firestorm

[Celsius]

13 hours ago, redwood1 said:

I bet loads of Thais cant wait to register 20 or 30 ghost friends for a really whopping payday..........If so they will be needing a lot more money....

 

The whole point of this wallet is control, so I doubt that will be possible.