Thailand’s Prime Minister is moving forward with a $14.3 billion “digital wallet” stimulus plan, despite concerns about using loans to pay for it. The plan is expected to benefit most Thais over the age of 16 and provide $285 stimulus payments through a mobile app to boost the sluggish economy. The government hopes this will increase growth by 1.0-1.5 percentage points. However, economists and former central bank governors have criticized the plan, expressing concerns about its cost and potential inflationary impact. The government sought advice on the legality of borrowing money, and despite some challenges from the Office of the Council of State, the plan is still moving forward. There are doubts about whether the scheme will be ready by May, but the government is pushing ahead with the plan.

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