The Thai government is preparing for the second phase of its "Digital Wallet" support programme, offering 10,000 THB (300 USD) per person, following the first phase of cash handout to 14.5 million recipients.
Thailand's Deputy Finance Minister Paopoom Rojanasakul confirmed on September 30 that the Government has secured funding for the second phase of the “Digital Wallet” programme, with a budget of 180 billion THB (5.4 billion USD).
About 36 million people registered for Thailand’s digital wallet handout scheme via “Thang Rat” app from August 1 – September 15, which will see 10,000 THB (nearly 300 USD) to each person, the country’s finance ministry’s permanent secretary Lavaron Sangsnit has announced.
Thailand's economic expansion accelerated in the second quarter on the back of stronger consumption, tourism, and exports, but analysts said policy uncertainty following a change in government clouds the outlook.
The Thai government is banking on a digital wallet handout scheme to boost the Southeast Asian country's sluggish economy due to low incomes and high household debts, a senior official said on July 24.
Eligible recipients for the 10,000-THB digital wallet handout scheme can start registering from August 1, Thai Prime Minister Srettha Thavisin said on July 15.
Thailand’s cabinet has approved an additional 276 billion THB (7.4 billion USD) in borrowing for the 2024 fiscal year, of which 269 billion THB is for direct government use as well as for state-owned enterprises (SOEs) to restructure debt, reported local media.
Thailand’s Deputy Finance Minister Julapun Amornvivat has said that the 500-billion THB (about 14 billion USD) digital wallet handout scheme cannot start in May as planned but insisted that the government will proceed with the project.
Thailand's export value is expected to grow between 1% and 2% in 2024 amid global economic uncertainty, the Thai National Shippers' Council (TNSC) said on January 9.
Thailand’s Deputy Minister of Finance Julapun Amornvivat on October 19 announced that the scheme to give 10,000 THB (274 USD) in handouts via digital wallets to more than 50 million people in the country will not be started on February 1, 2024 as planned.
Thai Prime Minister Srettha Thavisin has confirmed that the country’s government will proceed with its plan to provide a 10,000 THB (280 USD) digital wallet to every Thai citizen aged 16 and older.
