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Digital wallet scheme to be funded by borrowing from GSB : Move Forward MP Sirikanya

Digital wallet scheme to be funded by borrowing from GSB : Move Forward MP Sirikanya

18 Sept 10:23 Key points summarised by AI
  • Move Forward MP Sirikanya Tansakul claims the government's 560-billion baht digital wallet scheme will be funded by loans from the Government Savings Bank (GSB).
  • This funding method, which involves expanding fiscal discipline limits, is reportedly chosen because borrowing from a state-owned bank is not classified as public debt and does not require parliamentary approval.
  • Sirikanya warns that despite not being public debt, the government will still face a decade-long obligation to repay this substantial debt, potentially impacting GSB's financial status, similar to issues faced by BAAC.
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