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Council of State makes digital wallet look even harder

Council of State makes digital wallet look even harder

14 Sept 05:02 Key points summarised by AI
  • The Council of State issued a subtle but firm warning against the government's Bt500 billion digital wallet borrowing bill, emphasizing strict compliance with fiscal discipline laws that require a genuine crisis and economically viable projects.
  • Initially misinterpreted as approval, the advisory body's opinion is now widely understood by experts and the opposition as a polite rejection, signaling significant legal and political hurdles for the controversial scheme.
  • Critics, including the Move Forward Party, challenge the government's justification for the digital wallet, arguing it lacks a clear definition of the economic crisis it aims to solve and a robust technical defense, leaving the Pheu Thai party in a difficult political and legal dilemma.
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