Digital wallet scheme may be delayed to next fiscal year

[webfact]

The 10,000-baht digital wallet scheme faces potential postponement until the next fiscal year starting October 1 if not implemented by next month, according to the Budget Bureau.

 

Bureau Director Chalermphol Pensoot stated that the details of the cash handout policy would need to be revisited once the new Cabinet is formed.

 

The initiative, promising 10,000 baht to up to 50 million people, is a flagship policy of the Pheu Thai Party. However, securing the necessary funding has proven challenging. Critics doubt the programme’s ability to provide the economic boost the party anticipates.

 

Chalermphol indicated that the most needy individuals would likely be prioritised for eligibility. This group includes around 15 million people, with approximately 14 million being state welfare cardholders and the rest comprising people with disabilities.

The funding for the scheme is expected to come from 122 billion baht allocated from the 2024 fiscal budget and 20 billion baht from the central budget. Although the money was initially scheduled for distribution in September, the final amount is still pending approval by the Ministry of Finance.

 

Chalermphol reassured that the government is on track to initiate the scheme by next month, as the registration process has already been completed.

 

“However, if the handout cannot be implemented on time, the project will be put on hold and a new budget allocation must be re-drafted if the project is to resume.”

 

Once the 2025 fiscal budget is enacted in October, an additional 30 million registered individuals will be eligible to receive the funds. These individuals will need to be verified to prevent duplicate payments. When the system is fully operational, the funds will be distributed through digital wallets, reported Bangkok Post.

 

ORIGINAL STORY: Digital wallet scheme may switch to cash to boost economy

 

The Budget Bureau chief confirmed that funds from the digital wallet scheme could be distributed as cash, provided the original goal to stimulate the economy is maintained. Chalermphol Pensoot stated that the distribution of 10,000 baht through the digital wallet scheme could continue, depending on the new government’s policies.

 

“Distributing cash instead of digital money is not an issue, as long as the original objective to stimulate the economy is maintained.”

 

Chalermphol also indicated that the timeline for the handout remains unchanged, with no alteration to the budget calendar. The additional budget bill for fiscal 2024 is currently awaiting royal approval.

 

The fiscal 2025 budget is progressing through the parliamentary process, with the second and third readings scheduled for September 4 to September 6.

 

Caretaker Deputy Finance Minister Julapun Amornvivat mentioned yesterday that a viable solution for the digital wallet project exists but all necessary procedures must be completed before making an official announcement.

 

Danucha Pichayanan, Secretary-General of the National Economic and Social Development Council, expressed uncertainty on August 19 about whether the new administration will proceed with the 500-billion-baht digital wallet handout. He stressed the importance of implementing economic support measures, particularly for low-income earners.

 

Danucha pointed out that stimulus measures should be carefully timed and aligned with available resources. Initial measures can be introduced and then evaluated, considering the limited resources, reported Bangkok Post.

 

New Prime Minister Paetongtarn Shinawatra addressed the issue on August 18, assuring that the government would not abandon its flagship handout. She stated that the government would “study and listen to additional options” to ensure the scheme is fiscally responsible.

 

Her comments were in response to rumours that her father, former premier Thaksin Shinawatra, had called for the controversial handout scheme to be scrapped.

 

by Puntid Tantivangphaisal
Photo courtesy of Bangkok Post

 

Source: The Thaiger 2024-08-28

 

 

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[ozz1]

Will it ever happen or will they wait for the next election

[OneMoreFarang]

Imagine you voted for Thaksin because he promised to give you 10,000B. You knew already how you would spend that money.

And then the promise is changed and changed again and again.

But obviously our experienced and independent new PM will fix it all. 555

[Gottfrid]

46 minutes ago, webfact said:

The 10,000-baht digital wallet scheme faces potential postponement until the next fiscal year starting October 1 if not implemented by next month, according to the Budget Bureau.

That sounds very reasonable, as there is only next month left before October 1. This is a strong point that proves they actually knows how to read the calendar.

[ikke1959]

the 10k digital wallet will not be implemented this year or next year... Same as Same Sex Marriage, that would be this year but still not signed, published and than wait 4 months again... But if he has 4 months time to sign and he refuse so the PM can sign but nobody knows when.. Digital Wallet is the same.. promise promise but nothing will be real.. Another example for the tax deduction for wine.. nothing happened yet

[KannikaP]

28 minutes ago, ikke1959 said:

Same as Same Sex Marriage

And Cannabis?

[herfiehandbag]

45 minutes ago, ikke1959 said:

the 10k digital wallet will not be implemented this year or next year... Same as Same Sex Marriage, that would be this year but still not signed, published and than wait 4 months again... But if he has 4 months time to sign and he refuse so the PM can sign but nobody knows when.. Digital Wallet is the same.. promise promise but nothing will be real.. Another example for the tax deduction for wine.. nothing happened yet

 

16 minutes ago, KannikaP said:

And Cannabis?

 

Bit of a choker when all's said and done - chap in our village wanted the spondoolicks to pay for a big wedding with his boyfriend, with spliffs all round to celebrate!

[newbee2022]

3 hours ago, webfact said:

The 10,000-baht digital wallet scheme faces potential postponement until the next fiscal year starting October 1 if not implemented by next month, according to the Budget Bureau.

 

Bureau Director Chalermphol Pensoot stated that the details of the cash handout policy would need to be revisited once the new Cabinet is formed.

 

The initiative, promising 10,000 baht to up to 50 million people, is a flagship policy of the Pheu Thai Party. However, securing the necessary funding has proven challenging. Critics doubt the programme’s ability to provide the economic boost the party anticipates.

 

Chalermphol indicated that the most needy individuals would likely be prioritised for eligibility. This group includes around 15 million people, with approximately 14 million being state welfare cardholders and the rest comprising people with disabilities.

The funding for the scheme is expected to come from 122 billion baht allocated from the 2024 fiscal budget and 20 billion baht from the central budget. Although the money was initially scheduled for distribution in September, the final amount is still pending approval by the Ministry of Finance.

 

Chalermphol reassured that the government is on track to initiate the scheme by next month, as the registration process has already been completed.

 

“However, if the handout cannot be implemented on time, the project will be put on hold and a new budget allocation must be re-drafted if the project is to resume.”

 

Once the 2025 fiscal budget is enacted in October, an additional 30 million registered individuals will be eligible to receive the funds. These individuals will need to be verified to prevent duplicate payments. When the system is fully operational, the funds will be distributed through digital wallets, reported Bangkok Post.

 

 

ORIGINAL STORY: Digital wallet scheme may switch to cash to boost economy

 

The Budget Bureau chief confirmed that funds from the digital wallet scheme could be distributed as cash, provided the original goal to stimulate the economy is maintained. Chalermphol Pensoot stated that the distribution of 10,000 baht through the digital wallet scheme could continue, depending on the new government’s policies.

 

“Distributing cash instead of digital money is not an issue, as long as the original objective to stimulate the economy is maintained.”

 

Chalermphol also indicated that the timeline for the handout remains unchanged, with no alteration to the budget calendar. The additional budget bill for fiscal 2024 is currently awaiting royal approval.

 

The fiscal 2025 budget is progressing through the parliamentary process, with the second and third readings scheduled for September 4 to September 6.

 

Caretaker Deputy Finance Minister Julapun Amornvivat mentioned yesterday that a viable solution for the digital wallet project exists but all necessary procedures must be completed before making an official announcement.

 

Danucha Pichayanan, Secretary-General of the National Economic and Social Development Council, expressed uncertainty on August 19 about whether the new administration will proceed with the 500-billion-baht digital wallet handout. He stressed the importance of implementing economic support measures, particularly for low-income earners.

 

Danucha pointed out that stimulus measures should be carefully timed and aligned with available resources. Initial measures can be introduced and then evaluated, considering the limited resources, reported Bangkok Post.

 

New Prime Minister Paetongtarn Shinawatra addressed the issue on August 18, assuring that the government would not abandon its flagship handout. She stated that the government would “study and listen to additional options” to ensure the scheme is fiscally responsible.

 

Her comments were in response to rumours that her father, former premier Thaksin Shinawatra, had called for the controversial handout scheme to be scrapped.

 

by Puntid Tantivangphaisal
Photo courtesy of Bangkok Post

 

Source: The Thaiger 2024-08-28

 

 

Get the ASEAN NOW daily NEWSLETTER - Click HERE to subscribe

First delayed and then cancelled 😂

[hotchilli]

4 hours ago, webfact said:

The initiative, promising 10,000 baht to up to 50 million people

Promised originally, the way it's going probably about 5 million will qualify while the money for the original sum will disappear.

[Skeptic7]

Next "fiscal lifetime' more likely. 

[brianthainess]

1 hour ago, KannikaP said:

2 hours ago, ikke1959 said:

Same as Same Sex Marriage

And Cannabis?

And torture.....the long forgotten buried one.

[RichardColeman]

5 hours ago, webfact said:

Digital wallet scheme may switch to cash to boost economy

I'm sorry but unless the tourists numbers are a load of old shoe repairers the impact of millions of new tourists seems either a lie, all chinese zero dollars or having zero impact on the economy, which is rather strange as they started at zero !

[ujayujay]

Digital Wallet will never come, nobody can finance this

[Digitalbanana]

5 hours ago, OneMoreFarang said:

Imagine you voted for Thaksin because he promised to give you 10,000B. You knew already how you would spend that money.

And then the promise is changed and changed again and again.

But obviously our experienced and independent new PM will fix it all. 555

Imagine voting for someone whose name wasn't even on the ballet expecting 10,000B.

[cowellandrew]

6 hours ago, herfiehandbag said:

 

 

Bit of a choker when all's said and done - chap in our village wanted the spondoolicks to pay for a big wedding with his boyfriend, with spliffs all round to celebrate!

Wheres your civic duty lend the poor fellow the cash I am sure you will get it back one day!

☻🙈🐒🚀😁

[scorecard]

11 hours ago, webfact said:

The 10,000-baht digital wallet scheme faces potential postponement until the next fiscal year starting October 1 if not implemented by next month, according to the Budget Bureau.

 

Bureau Director Chalermphol Pensoot stated that the details of the cash handout policy would need to be revisited once the new Cabinet is formed.

 

The initiative, promising 10,000 baht to up to 50 million people, is a flagship policy of the Pheu Thai Party. However, securing the necessary funding has proven challenging. Critics doubt the programme’s ability to provide the economic boost the party anticipates.

 

Chalermphol indicated that the most needy individuals would likely be prioritised for eligibility. This group includes around 15 million people, with approximately 14 million being state welfare cardholders and the rest comprising people with disabilities.

The funding for the scheme is expected to come from 122 billion baht allocated from the 2024 fiscal budget and 20 billion baht from the central budget. Although the money was initially scheduled for distribution in September, the final amount is still pending approval by the Ministry of Finance.

 

Chalermphol reassured that the government is on track to initiate the scheme by next month, as the registration process has already been completed.

 

“However, if the handout cannot be implemented on time, the project will be put on hold and a new budget allocation must be re-drafted if the project is to resume.”

 

Once the 2025 fiscal budget is enacted in October, an additional 30 million registered individuals will be eligible to receive the funds. These individuals will need to be verified to prevent duplicate payments. When the system is fully operational, the funds will be distributed through digital wallets, reported Bangkok Post.

 

 

ORIGINAL STORY: Digital wallet scheme may switch to cash to boost economy

 

The Budget Bureau chief confirmed that funds from the digital wallet scheme could be distributed as cash, provided the original goal to stimulate the economy is maintained. Chalermphol Pensoot stated that the distribution of 10,000 baht through the digital wallet scheme could continue, depending on the new government’s policies.

 

“Distributing cash instead of digital money is not an issue, as long as the original objective to stimulate the economy is maintained.”

 

Chalermphol also indicated that the timeline for the handout remains unchanged, with no alteration to the budget calendar. The additional budget bill for fiscal 2024 is currently awaiting royal approval.

 

The fiscal 2025 budget is progressing through the parliamentary process, with the second and third readings scheduled for September 4 to September 6.

 

Caretaker Deputy Finance Minister Julapun Amornvivat mentioned yesterday that a viable solution for the digital wallet project exists but all necessary procedures must be completed before making an official announcement.

 

Danucha Pichayanan, Secretary-General of the National Economic and Social Development Council, expressed uncertainty on August 19 about whether the new administration will proceed with the 500-billion-baht digital wallet handout. He stressed the importance of implementing economic support measures, particularly for low-income earners.

 

Danucha pointed out that stimulus measures should be carefully timed and aligned with available resources. Initial measures can be introduced and then evaluated, considering the limited resources, reported Bangkok Post.

 

New Prime Minister Paetongtarn Shinawatra addressed the issue on August 18, assuring that the government would not abandon its flagship handout. She stated that the government would “study and listen to additional options” to ensure the scheme is fiscally responsible.

 

Her comments were in response to rumours that her father, former premier Thaksin Shinawatra, had called for the controversial handout scheme to be scrapped.

 

by Puntid Tantivangphaisal
Photo courtesy of Bangkok Post

 

Source: The Thaiger 2024-08-28

 

 

Get the ASEAN NOW daily NEWSLETTER - Click HERE to subscribe

Meaning that he sees no need to honour election promises. 

 

But next time around his gang will make promises and the public will laugh, because there's no sincerity involved.

 

Longer term I wonder if this means Pita's party will be seen as more honourable and more sincere?

 

 

 

[tomazbodner]

11 hours ago, webfact said:

The 10,000-baht digital wallet scheme faces potential postponement until the next fiscal year starting October 1 if not implemented by next month

That's such a great statement. If it's not implemented in September, it will be implemented after September...

[kingstonkid]

[kingstonkid]

On 8/28/2024 at 9:49 AM, ozz1 said:

Will it ever happen or will they wait for the next election

 

I think it will be like the marijuana, sex toys,  Gay marriage and the constitution 

 

They will all just sit waiting because they don't want to rock any boats, and the coalition cannot figure things out to make everyone happy.

 

The only way anything is going to get done is if 1 party gains control of the house AND the Senate.

[Pouatchee]

On 8/28/2024 at 12:46 PM, newbee2022 said:

First delayed and then cancelled 😂

You quote the whole article for ridiculous one liner comment?

Havent you learned to find main ideas in texts, od is that above you?

[proton]

Bribes for votes and they still lost, if they don't pay up people should be able to take thier votes back!

[Danderman123]

"The digital wallet may be delayed until the next fiscal century".