On a bustling Saturday morning, a lively scene unfolded on Phlap Phla Chai Road in Bangkok. With a palpable sense of anticipation, crowds gathered as the Poh Teck Tung Foundation distributed essential items like rice, cooking oil, and dried food. Meanwhile, the government is set to roll out its phase-wise 10,000-baht handout aimed at benefiting the most needy. (Photo: Apichart Jinakul)
The new-look coalition government, eager to commence its policy implementations, has announced plans to kick-start its initiatives, including the much-talked-about digital money handout, within a fortnight. According to Phumtham Wechayachai, the caretaker deputy prime minister, the timeline for the revised cabinet to receive royal endorsement remains undisclosed. However, he assured that all coalition parties’ nominations have undergone meticulous scrutiny by the relevant organizations and are now with the Secretariat of the Cabinet and the Council of State, the legal eagles of the government, for final touches.
Mr. Phumtham shared on Saturday, “These two pivotal bodies will soon decide on the procedural progression.” He echoed a previous sentiment that the government’s onboarding process should wrap up within 15 days, offering a three-day cushion on both ends. “The nation’s eyes are on us to start addressing pressing issues during this crucial phase, ensuring harmony among our coalition partners,” he remarked, bolstering his statement with data from a recent opinion poll.
Amidst swirling speculations, some feared that the digital wallet initiative might be shelved from the official policy deck to be presented in parliament. However, Mr. Phumtham reaffirmed the steadfast commitment to the Pheu Thai Party’s hallmark economic stimulus package. The initial vision aimed at disbursing 10,000 baht in digital currency to up to 50 million eligible Thai citizens over the age of 16. Despite facing criticism from economists who labeled the 500-billion-baht plan as overly ambitious and economically skeptical, the program stands unwavering.
Recent developments suggest a strategic recalibration of the plan. Officials hint that the initial rollout may cater to approximately 15 million state welfare cardholders. As the dawn of the new fiscal year approaches on October 1, the administration will deliberate on the expansion of this financial boon to the remaining 35 million potential beneficiaries.
In a confident tone on Friday, Prime Minister Paetongtarn Shinawatra assured the nation that the new cabinet roster is nearly finalized, pending the verification of the nominated ministers’ credentials. She estimated this crucial verification phase to conclude within a week. “The submission for royal endorsement? That’s a matter of ‘as soon as’—once the verifying bodies give us the green light and send it back, we’re on it!” she declared with an air of determination.
I think this 10,000-baht handout is a terrible idea. It sounds good in theory, but where is the money coming from?
Nina, it’s supposed to stimulate the economy. People will spend the money, which helps businesses and creates more jobs. Basic economics!
Joe, that’s naive. You’re just encouraging people to rely on government handouts instead of finding real solutions to improve their lives.
Exactly, Skeptic123! And what happens when the money runs out? We’ll be worse off than before.
Actually, short-term economic boosts can be beneficial, but only if followed by sustainable policies. The handout needs to be part of a broader economic plan to be effective long-term.
I disagree. Many people are starving and struggling. This handout could be a lifeline.
But Patty, isn’t it just a temporary fix? We need jobs, not handouts!
True, but try telling that to a family who can’t even afford a meal today. Sometimes a temporary fix is better than nothing.
Thank you, Tim! It’s not the ultimate solution, but it’s a much-needed relief for now.
This is just a political stunt by Paetongtarn Shinawatra to gain popularity. Typical politicians! 🤦♂️
John, show me one politician who doesn’t engage in these tactics. At least this one helps people directly.
That’s the problem though, it’s all about staying in power. Real leadership should focus on long-term benefits.
Exactly, RealTalk. This is just sugar-coating real issues.
I look forward to seeing how this plays out. Will it really help the needy or just be another failed policy?
What about corruption? How do we know the money will actually reach the people?
Digital handouts are a step towards modernization. This could pave the way for better tech use in governance.
Tom, I agree. As long as they implement it properly, it could lead to more efficient government programs.
But what about older folks who don’t understand digital currency? This could leave them behind!
Good point, Sue. They should definitely include educational programs along with the rollout.
Why digital currency? Why not just give cash? Sounds overly complicated.
Digital currency reduces corruption and ensures people use the money for essentials.
Yuri, because digital can be tracked and managed better than cash.
Historically, such handouts have mixed outcomes. Some countries benefited, others faced inflation issues.
Yeah, like in Zimbabwe. Let’s hope Thailand doesn’t go down that path.
TommyBoy, context matters. Let’s wait and see how the government manages it.
Giving money is good, but fixing the system is better. Focus on long-term solutions.
If managed well, this can be a win-win. But it needs transparency and proper checks in place.
A waste of taxpayer money! Find better ways to support people.
People should trust Paetongtarn Shinawatra. She’s shown commitment and leadership before.
Whether you agree or not, you can’t deny something needs to be done to help the poor.
Let’s hope this doesn’t lead to more debt. Thailand can’t afford to sink further.