Government Contemplates Providing 10,000-Baht Digital Wallet Stipend

The government is discussing eligibility criteria for a 10,000-baht digital wallet stipend to stimulate the economy.

Government Discusses Eligibility Criteria for 10,000-Baht Stipend

The government is actively discussing the eligibility criteria for a 10,000-baht stipend through digital wallets. Prime Minister Srettha Thavisin states that discussions and opinions from various sectors are being considered to determine a clear direction and avoid confusion among the public. Deputy Minister of Finance Julapun Amornvivat assures that there is no cause for concern, as the policy aims to stimulate the overall economy rather than solely providing aid. It is proposed to distribute the stipend more comprehensively to 49 million individuals.

Revised Criteria for Digital Wallet Initiative

Deputy Prime Minister Somsak Thepsutin believes that revising the eligibility criteria by excluding wealthier individuals from the 10,000-baht digital wallet initiative will not affect the upcoming elections. This revision aligns with the feedback of the majority and ensures that public sentiment remains unaffected. Three proposed methods of disbursement are being considered, including exclusions and focused aid. One option is to exclude individuals earning over 25,000 baht or with savings over 100,000 baht, leaving 43 million eligible recipients. Another option is a tighter financial criterion of excluding those with an income over 50,000 baht or savings exceeding 500,000 baht, expanding eligibility to 49 million individuals. Lastly, a more targeted approach suggests providing aid solely to the impoverished segment of the population, benefitting 15-16 million individuals.

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Various Proposals for 10,000-Baht Stipend Disbursement

The three proposed disbursement methods for the 10,000-baht digital wallet stipend encompass exclusions and focused aid. One proposal suggests excluding individuals with an income over 25,000 baht or savings over 100,000 baht, resulting in 43 million eligible recipients. Another option is to exclude those with an income over 50,000 baht or savings exceeding 500,000 baht, expanding eligibility to 49 million individuals. A more targeted approach is also considered, focusing the aid solely on the impoverished segment of the population, benefiting 15-16 million individuals. The required budget for each proposal varies accordingly.

Source : National News Bureau of Thailand