Does the digital wallet scheme risk running into a legal hurdle?

14 Sept 03:04 Key points summarised by AI

Prime Minister Srettha Thavisin's government plans to borrow 500 billion baht for a 10,000 baht digital wallet handout, targeting 50 million eligible citizens to stimulate the economy.
The scheme faces significant legal challenges, with the opposition arguing the borrowing bill violates constitutional clauses requiring "urgent necessity" for extra loans, potentially leading to a Constitutional Court challenge.
Academics and economists voice concerns over fiscal discipline, increased public debt, and opportunity costs, advocating for investment in long-term structural issues over short-term consumption boosts.

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.