Government may not find funding for digital wallet - Move Forward

23 Sept 05:14 Key points summarised by AI

Move Forward deputy leader Sirikanya Tansakul indicates the government is struggling to secure the estimated Bt560 billion needed for its digital wallet scheme.
Even with a downsized plan targeting 43-49 million beneficiaries, the required Bt430 billion exceeds the 2024 national budget, potentially necessitating the cost be spread over four fiscal years.
Spreading payments over multiple years could deter shops from joining due to anticipated delays in receiving cash refunds from the government.
Sirikanya suggests the scheme might face a dead end or require a complete overhaul, as securing funds from state-run banks is difficult due to budgetary constraints, or be limited to low-income earners, which won't stimulate the economy.
While an executive decree could allow borrowing, its use outside of emergencies risks a political crisis for potentially breaching the Constitution.

New home loan scheme aims to boost property sector with Bt125 billion

Yesterday 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.