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Paopoom Rojanasakul Confirms 10,000 Baht Digital Wallet Disbursement for 50 Million Thais This Year

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Deputy Finance Minister Paopoom Rojanasakul underscored yesterday that the 50 million recipients scheduled to receive the 10,000 baht through the government’s digital wallet program will indeed receive their payment simultaneously in the last quarter of the year, as originally planned. This reassurance came after comments by government spokesman Chai Wacharonke, which had been reported in the media on the previous day, suggested otherwise.

Mr. Paopoom stepped in to clarify some misunderstandings about the mammoth 500-billion-baht handout that had circulated in news reports. Initially, Mr. Chai mentioned that the government might consider disbursing the funds first to 14.98 million state welfare cardholders and other vulnerable groups. This possibility stirred some agitation among other eligible recipients who feared they might have to wait longer.

The government wants to ensure that the digital wallet scheme’s rollout will commence within the fiscal year 2024, which concludes on September 30. According to Mr. Paopoom, adherence to Section 21 of the State Fiscal and Financial Discipline Act mandates the commencement of the scheme within this timeframe. Despite the rumors, he emphasized that the government committee overseeing the project had always been committed to distributing the 500 billion baht in one fell swoop to the entire designated group to invigorate the nation’s economy.

All 50 million eligible Thai citizens are expected to register for the 10,000-baht digital windfall in the third quarter, with disbursement commencing in the fourth quarter. This strategic timeline is designed to align with the government’s intentions of economic stimulation across the board.

Adding to the fiscal planning, Mr. Chai detailed that the cabinet gave a green light on Tuesday to a proposal from the Budget Bureau to escalate the budget deficit for the 2024 fiscal year by an additional 112 billion baht. This increase aims to pool together the extra funds, alongside 10 billion baht from various revenue streams, to finance the handout.

With the infusion of this 122 billion baht, the total fiscal budget for 2024 will expand to 3.48 trillion baht. This figure represents a 13.1% rise from the 2023 fiscal budget, staying consistent with the government’s medium-term financial and budgetary blueprint spanning from 2025 to 2027.

Next, the 122-billion-baht expenditure proposal from the bureau will head to parliament for a final review, where it is expected to secure approval by August. According to a cabinet resolution dated April 23, the digital wallet scheme will draw its funding from three primary sources: the 2024 fiscal budget, the Bank for Agriculture and Agricultural Cooperatives, and the 2025 fiscal budget.

In the grand scheme of things, this initiative is more than just an economic stimulus; it embodies the government’s commitment to inclusive growth and fiscal responsibility, ensuring a cohesive and dynamic financial future for Thailand. The orchestrated efforts by Mr. Paopoom, Mr. Chai, and the Budget Bureau are laying the groundwork for a seamless and impactful disbursement that prioritizes both immediate economic relief and long-term fiscal sustainability.


  1. JohnD June 5, 2024

    I can’t believe the government is actually moving forward with this massive handout. Is 10,000 baht really going to make a difference?

    • Lakshmi Patel June 5, 2024

      Every bit counts for many people. It’s easy to dismiss if you don’t need it.

      • JohnD June 5, 2024

        I get that, but is it worth adding 112 billion baht to the deficit? Seems irresponsible.

    • Anon123 June 5, 2024

      It’s not just about the money. It’s about confidence in the economy. People will spend more, stimulating growth.

  2. economic_warrior June 5, 2024

    This digital wallet scheme is an excellent idea! It’s about time the government used modern technology to help the masses.

    • SkepticSam June 5, 2024

      What happens if the digital wallet fails? Not everyone is tech-savvy, especially in rural areas.

      • economic_warrior June 5, 2024

        That’s why they need education campaigns. Plus, younger people can help their elders.

  3. maria_vega June 5, 2024

    Focusing on state welfare cardholders first made more sense to me. They need it the most!

    • Max Thornton June 5, 2024

      Selective disbursement would have created chaos. Better to give everyone at the same time.

    • maria_vega June 6, 2024

      As long as it’s fair and efficient, that’s what matters.

      • Rose M. June 6, 2024

        Fair in theory, but in practice, who knows if it will be seamless?

  4. GrowTheEconomy June 5, 2024

    This 10,000 baht is going to boost consumer spending and help small businesses survive.

    • Lisa Stevens June 5, 2024

      Some small businesses might still prefer direct support instead of trickledown economics.

      • GrowTheEconomy June 6, 2024

        Fair point, but sometimes consumer spending does quicker work.

  5. Priya June 6, 2024

    If managed correctly, this could be a game changer for the economy.

  6. Jonah Kellerman June 6, 2024

    What about inflation? Won’t dumping all this money into the economy cause prices to rise?

  7. GeekyDude June 6, 2024

    Imagine the scams that could come with this digital wallet system. Scary thought.

    • Cautious_Carol June 6, 2024

      That’s a genuine concern. The government needs strong cyber security measures in place.

      • geekyDude June 6, 2024

        Wishful thinking. Government and tech rarely mix well.

  8. natalie.b June 6, 2024

    I’m skeptical it will happen by the fourth quarter. When has the government ever been on time with something this big?

    • Hopeful_Harry June 6, 2024

      They’ve shown they’re committed. Let’s give them a chance at least.

  9. Tom W. June 6, 2024

    Aren’t we just using future budgets to pay for today’s problems? This isn’t sustainable.

  10. Sarah L. June 6, 2024

    This reeks of political maneuvering to look good ahead of elections.

  11. BillCraft June 6, 2024

    I’m just happy the government is trying to do something for the people directly, instead of just for big businesses.

  12. Ravi June 6, 2024

    We need more transparency on where exactly this 500 billion baht is coming from.

    • Jacky_L June 6, 2024

      Agreed. Big promises need clear funding sources.

  13. noname1 June 6, 2024

    This is economic suicide. We can’t keep throwing money to solve problems that need structural reforms.

    • WiseOwl June 6, 2024

      Short-term solutions are still solutions. We can work on structural reforms in parallel.

      • noname1 June 6, 2024

        Can we? Our government has been notorious for not following through on reforms.

  14. Carmen Z. June 6, 2024

    This digital wallet idea is futuristic. We’re advancing along with technology!

    • Anthony Smith June 6, 2024

      Let’s just hope it doesn’t advance beyond what our infrastructure can handle.

      • Carmen Z. June 6, 2024

        True, every advancement comes with its set of challenges.

  15. Ginger June 6, 2024

    I’m excited. I’ve already started planning how I’ll use my 10,000 baht!

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