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PM confident cash payouts will lead to the first economic “whirlwind”

PM confident cash payouts will lead to the first economic “whirlwind”

12 Sept 04:35 Key points summarised by AI
  • Prime Minister Paetongtarn Shinawatra launched the first phase of the "digital wallet" scheme, disbursing 145 billion baht to 14.5 million disabled people and state welfare card holders, anticipating a major economic "whirlwind."
  • The initiative aims to significantly stimulate the sluggish economy, generate opportunities, enhance businesses, and improve the livelihoods of low-income earners, while also establishing a foundation for a digital economy with "digital IDs."
  • The government justifies the scheme as a crucial response to severe economic impacts from global slowdowns, geopolitical conflicts, and natural disasters, emphasizing that tourism growth alone is insufficient for macro-economic stimulation.
  • The Prime Minister reiterated the government's commitment to implementing a second phase of the scheme and other long-term economic policies, urging recipients to utilize the 10,000 baht cash benefit wisely.
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