Govt gets green light to borrow to finance digital handout plan: ministerDeputy Finance Minister Julapun Amornvivat welcomes supporters of the digital wallet scheme at the Pheu Thai Party's headquarters in October last year. (Photo: Somchai Poomlard)The government’s plan to fund a 500 billion baht cash handout with special borrowing legislation got the green light from its legal adviser, clearing a key hurdle to Prime Minister Srettha Thavisin’s controversial stimulus programme. The Council of State said it is within the government’s power to enact the borrowing bill for the cash stimulus scheme, Deputy Finance Minister Julapun Amornvivat told reporters on Monday. The so-called digital wallet plan could still face legal challenges from those opposed to the handout. A committee tasked to oversee the cash handout programme will meet soon to discuss the draft bill and plan the timeline of cash distribution, Mr Julapun said.

Source: Bangkok Post January 08, 2024 20:40 UTC