Digital Wallet and the 10,000-Baht Handout: Anticipating Changes Ahead
Digital Wallet Implications for the 10,000-Baht Handout
Details regarding the cash handout policy are set to be reviewed closely as the new cabinet takes shape, according to Chalermphol Pensoot, director of the budget bureau. The 10,000-baht financial aid aims to reach up to 50 million citizens. However, the funding initiative tied to the Pheu Thai Party's signature policy faces substantial hurdles. Critics suggest that the anticipated economic surge may not materialize as projected.
Who Will Benefit from the Digital Wallet Scheme?
Chalermphol noted that the priority for the funds will likely go to those who genuinely need assistance. This translates to around 15 million individuals, predominantly comprising state welfare cardholders and people with disabilities.
- The funding will derive from 122 billion baht approved in the 2024 fiscal budget.
- Another 20 billion baht will be sourced from the central budget.
- Distribution via digital wallets is expected to commence following registration completion.
Contingencies for the Handout Program
The planned disbursement, initially set for September, hinges on final endorsement from the Ministry of Finance. Mr. Chalermphol warned that any further delay might necessitate a pause in the project, demanding a reevaluation of budget allocations. As the 2025 fiscal budget rolls out in October, up to 30 million additional registered individuals may qualify for this initiative, emphasizing the need for thorough checks to prevent payment duplication.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.