By Thai Newsroom Reporters
OFFICIALLY BRANDED AS “FRAGILE” types of people, nearly 15 million nationwide will be entitled to the 10,000-baht, digital wallet handout project before fiscal 2024 ends, government spokesperson Chai Wacharong confirmed today (June 4).
The 14.98 million “fragile” Thai nationals who may currently hold state welfare cards will be the first recipients to the 10,000-baht digital wallet to be handed out within the end of September which marks the end of the current fiscal year whilst other categories of recipients totalling some 35 million will have to wait until the fourth quarter of this year or during October and December, according to the government spokesperson.
The cabinet today approved the Budget Bureau’s proposal for the acquisition of 122 billion baht in supplementary budget as part of the Central Fund to finance the digital wallet project specifically for the 14.98 million “fragile” recipients throughout the country, Chai said.
The 122 billion baht supplementary budget has been attributed to 112 billion baht in loan, plus 10 billion baht in additional state revenue which had not been earlier specified in the government budget for the current fiscal year, he said.
The Pheu Thai-initiated populist handout campaign was calculated to incur some 500 billion baht in total expenditure in fiscal 2024 and 2025.
That total will be covered by 175 billion baht in government budget for the current fiscal year and 152.7 billion baht in government budget for the next fiscal year, plus 172.3 billion baht in loan from the Bank for Agriculture & Agricultural Cooperatives, he said.
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Top: A representative image of the digital wallet project. Photo: Thai Rath
Front Page: A digital wallet image by Rodion Kutsaiev on Unsplash
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