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Move Forward MP says government overestimating benefit of digital wallet scheme

Move Forward MP says government overestimating benefit of digital wallet scheme

23 Sept 14:41 Key points summarised by AI
  • Move Forward MP Chaiwat Sathawornwichit claims the government overestimates the digital wallet scheme's economic benefits, arguing its implementation is ill-timed during an expanding economy.
  • Chaiwat disputes the government's projected fiscal multiplier, asserting it will be a mere 0.2% rather than the claimed three-fold increase, referencing similar ineffective schemes abroad.
  • He attributes Thailand's economic slowdown to a 10-month decline in exports, primarily due to China's contraction, suggesting the digital wallet is not the appropriate solution.
  • The MP criticizes the scheme's restrictive 4km spending radius, predicting funds will primarily benefit large corporations over local SMEs and divert resources from other crucial projects.
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