Effervescent with political fervor and the promise of innovative economic strategies, Srettha Thavisin, Prime Minister and Finance Minister of the Pheu Thai Party, unveiled the party’s grand plan for a 10,000-baht digital wallet scheme during a resonant campaign rally back in April. This significant policy announcement came during a momentous gathering that stirred optimistic chatter in all corridors of Thai politics.
The cabinet, on a balmy Tuesday, arrived at a consensus decision: the formation of a dedicated committee. This committee’s primary mission? To navigate the intricacies of implementing the government’s ambitious digital money handout scheme— christened as the digital wallet project. The project’s light is expected to start burning bright from February next year, marking a new era in the nation’s economy.
Estimated to require a staggering 560 billion baht for efficacious execution, this project’s bold goal is to disperse 10,000 baht in digital currency to every Thai citizen aged 16 and above. Targeting specific investment areas for spending, it seeks to inject a jubilant jolt into the economy’s circadian rhythms over an instantaneous short-term period.
The Prime Minister, Srettha Thavisin, who also holds the Finance Minister’s reins, has been appointed the captain of this innovative committee’s ship. Assisting him at the helm are the industrious deputy chairmen including Deputy Prime Minister and Commerce Minister Phumtham Wechayachai, the erudite Deputy Prime Minister and Foreign Minister Parnpree Bahiddha-Nukara, the meticulously skilled Deputy Prime Minister and Interior Minister Anutin Charnvirakul, and the pragmatic Digital Economy and Society Minister Prasert Chantararuangthong.
Not one to allow the grass to grow under his feet, Mr. Thavisin has already set the wheels of the committee into motion by calling its maiden meeting within the week. Deputy Finance Minister Julapun Amornvivat, a profound thinker amongst the committee’s ranks, signified that this watershed gathering could happen as early as Thursday or Friday.
The digital wallet committee is entrusted with the vital task of critically examining and approving the carefully curated implementation design for the digital wallet scheme. This includes auditing the precise budgetary requirements, its origins, and how it will be allocated. Mr. Julapun outlined the ensemble of responsibilities that lay in the committee’s hands, which extends further to vigilantly tracking the advancements made in project implementation and swiftly tackling any hiccups that may occur. Additionally, he stressed the committee’s firm commitment to transparency, rejecting any hint of corruption. To this end, the committee’s reports will directly reach the cabinet’s table, ensuring complete accountability.
Addressing the concerns brewing among some quarters about the project possibly infringing the Bank of Thailand’s (BoT) laws and regulations, Mr. Julapun has reassured the populace that the government had meticulously discussed this matter with the BoT, putting worries to rest. He further established that the project operates within the bounds of the law.
In an exciting technological spin, Mr. Julapun declared that the implementation of this digital wallet programme would be centered around the formidable force of blockchain technology, the paramount symbol of transparency. Through this revolutionary approach, the government seeks to reaffirm its commitment to ethical practices that advance Thailand’s economy.