Prime Minister Paetongtarn Shinawatra officially inaugurated the much-anticipated 10,000-baht cash handout initiative with a grand ceremony on Wednesday. The launch saw the first wave of funds directed towards 12.4 million state welfare cardholders and 2.1 million disability cardholders through PromptPay, a system interconnected with their national ID numbers. (Photo: Chanat Katanyu)
The government is steadfast in its commitment to roll out the second and third phases of this economic stimulus plan following the successful initiation of the first phase. “The logistics for the subsequent phases are currently under meticulous development. The Finance Ministry will divulge intricate details in due time,” declared Prime Minister Paetongtarn Shinawatra at the event marking the programme’s commencement at Government House on Wednesday.
“Today, a financial lifeline reaches the hands of Thai citizens,” she asserted. “This 145 billion baht infusion is set to spark a formidable economic surge. The 10,000-baht grant will open up new avenues for many. Families can combine these grants to bolster their own businesses.”
Ms. Paetongtarn also expressed the administration’s intentions to proceed with the digital wallet programme. This initiative is geared towards reviving the economy and establishing a digital framework conducive to efficient transactions and enhanced transparency.
“We trust that the recipients will judiciously utilize this financial boost. Additional measures are in the pipeline to further invigorate the economy,” she added.
The first phase places significant emphasis on dispatching funds to 12.4 million state welfare cardholders and 2.1 million people with disabilities via PromptPay, synchronised with their national IDs.
However, only approximately 3.1 million welfare cardholders and individuals with disabilities—out of a potential 14.5 million—received their 10,000-baht disbursement yesterday, owing to certain constraints within the PromptPay system, as highlighted by Deputy Prime Minister and Finance Minister Pichai Chunhavajira.
Interestingly, over 11 million state welfare cardholders have successfully integrated PromptPay with their ID numbers, leaving a gap where over 1 million individuals have yet to make this connection.
Monthly state aid continues for disabled individuals through the pre-existing system, reinforcing the importance of synchronising national ID numbers with PromptPay for state welfare cardholders. This linkage is crucial for enabling the full benefit of the 10,000-baht handout and has been urged to be completed by the year’s end.
I think the 10,000-baht handout is just a temporary band-aid. What about the long-term economic sustainability of Thailand?
Agreed. Without diversifying and strengthening core industries, this cash handout will just be a short-term relief.
But at least it’s a start! Some families are really struggling and this provides immediate relief.
True, immediate relief is important, but we can’t just throw money at problems. We need structural reforms.
Why such focus on a digital wallet? Aren’t there more pressing issues?
Digital wallets streamline transactions, reduce corruption and make welfare distribution more efficient.
Digital wallets are the future. The government is just adapting to modern financial systems.
Still, we have basic infrastructure issues that need the same attention. Focus should be balanced.
I’m skeptical. Politicians always promise a lot but deliver very little. Is this another election trick?
Hard to say. But 145 billion baht is a substantial commitment. Let’s see how it plays out.
Maybe, but even if it’s a political move, if it helps people, does it matter?
Yes, because sustainable policies last beyond political terms, unlike one-off handouts.
How does this initiative account for those who haven’t linked their ID to PromptPay? They miss out.
Any financial aid is helpful, but we need programs that build skills and create jobs, not just handouts.
Why should my taxes go towards this? People should work hard for their money.
Not everyone has the same opportunities. Welfare is meant to level the playing field.
This money could stimulate spending, indirectly benefiting all of us.
Still, I feel like there should be more accountability for how the money is used.
I just hope this doesn’t create more dependency on government support.
That’s a valid concern. There should be parallel programs encouraging self-sufficiency.
It’s about helping those who are struggling, not making them dependent.
Is this just a way to push digital wallets onto everyone? Lots of older folks are clueless about this tech.
That’s true. The government should offer training sessions or assistance for those who need it.
Yes, education is key. Otherwise, people might just miss out on benefits meant for them.
145 billion baht is a huge amount! Let’s hope it’s not wasted.
How can we ensure transparency? There’s always a risk of funds being misallocated.
Great move, considering inflation. The cost of living is so high now.
Is it true that some regions are still not fully equipped to handle digital wallet transactions? That could be an issue.
Yes, some rural areas lack the infrastructure, so this high-tech solution might not be effective everywhere.
Why not invest in education and healthcare instead? These are long-term solutions.
Exactly! Building a strong foundation in important sectors is crucial for any country’s growth.
Economic stimulus is needed as well, but a balanced approach is definitely more effective.
I hope the government at least monitors how this money is being spent. Accountability is key.
I’m with you on that. There needs to be strict oversight, or it’s all for nothing.
As someone who’s received the grant, it’s a huge help, especially with kids’ school expenses.
I’ve seen similar schemes fail elsewhere. I hope Thailand’s government has a solid plan in place.
A plan is necessary, but implementation is what makes or breaks it. Fingers crossed!