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Loan bill to fund “digital wallet” appropriate and transparent - Julapun

Loan bill to fund “digital wallet” appropriate and transparent - Julapun

13 Sept 07:57 Key points summarised by AI
  • Deputy Finance Minister Julapun Amornvivat affirmed that issuing a loan bill for the digital wallet scheme is the most transparent approach, enabling parliamentary debate and oversight.
  • His statement directly addressed criticism from opposition MPs during a budget debate regarding the scheme's exclusion from the main budget bill.
  • Julapun assured that the 500 billion baht borrowing is within financial disciplinary frameworks, projecting a manageable increase in Thailand's public debt from 62% to 64% of GDP.
  • He clarified that budget adjustments are normal practice, refuting claims that the budget doesn't reflect a crisis and explaining that funds are allocated for both new policies and inherited, legally binding projects.
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