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National anti-graft watchdog raises reservations over government's digital wallet scheme

National anti-graft watchdog raises reservations over government's digital wallet scheme

26 Sept 14:47 Key points summarised by AI
  • **NACC Expresses Reservations:** The National Anti-Corruption Commission (NACC) has not approved or rejected the government's digital wallet scheme but voices significant concerns regarding its legality, fiscal discipline, and potential for corruption.
  • **Identifies Key Risks:** A NACC panel study highlights four main issues: risk of policy corruption, lack of economic necessity for universal distribution, potential constitutional breaches, and questions about blockchain technology's appropriateness.
  • **Advises Caution & Targeting:** The NACC urges the government to proceed with extreme caution, ensuring the 500 billion baht expenditure is justified, adheres to good governance, and suggests targeting aid only to the poor through conventional budgetary means instead of a loan.
  • **Warns of Fiscal Burden:** The watchdog emphasizes that the scheme's hefty cost will impose a long-term financial burden on the national exchequer and the public, requiring budget allocations for loan repayments for up to five years.
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