recentlyThai Prime Minister Seta·He has officially announced a highly anticipated economic stimulus plan - starting from August 1st, eligible businesses and individuals will be able to register and receive digital wallets. This plan aims to boost Thailand's sluggish economy through billions of dollars in investment. This ambitious plan, called 'Digital Wallet'two thousand and twenty-fouryearSince its announcement in April, it has been receiving attention and controversy from various sectors of society.

It is reported that,The "Digital Wallet" plan iszetas ·His prestigeOne of the important commitments made by the ruling party of Thailand to the people before last year's general election. The government plans to expand nationwide50 million citizens will each receive 10000 Thai baht (approximately 275 US dollars) worth of digital currency to encourage their consumption in local businesses, thereby stimulating economic recovery.zetas ·His prestigeI personally announced this news on social media and instructed the relevant departments to ensure the smooth implementation of the plan. The registration process will take place onOfficially launched on August 1st.

The government has high hopes for the plan, claiming that it will trigger a controversyThe 'economic tornado' is expected to drive GDP growth of 1.2 to 1.6 percentage points through stimulus measures and subsequent consumption. However, despite the government's ambitious goals, economists remain cautious and believe that compared to other measures to promote economic growth, this plan may not be an effective way and may be difficult to sustain economic growth.

In addition, the financing issue of the plan has also become a controversial focus. The government initially planned for the National Agricultural and Agricultural Cooperative Bank to bear part of the funding, but due to warnings from financial experts, the government had to adjust the plan and announced that all the funding for the project would come fromThe fiscal budgets for 2024 and 2025. Vice Minister of Finance Zulapan revealed at a press conference that after adjustments, the estimated cost of the plan has been reduced from the initial 500 billion baht (approximately 13.8 billion US dollars) to 450 billion baht (approximately 12.4 billion US dollars) to ensure the budget funds are in place.

In order to ensure the smooth implementation of the plan, the government has also taken a series of measures. Zulapan stated that the Digital Wallet Committee has agreed to exclude shop owners and cash recipients who have had fraudulent records in the past in the plan to ensure the security and accurate distribution of funds. At the same time, the government also plans to impose restrictions on goods and services that can be used for digital wallet consumption. Specific exclusions will be announced by the Ministry of Commerce next week after the detailed plan is submitted to the Cabinet.

Thailand's economic performance has been sluggish in recent years, lacking significant growth momentum. According to the World Bank's "Thailand Economic Monitoring Report" this month,The GDP growth rate of Thailand in 2024 is expected to be only 2.4%. In this context, the government has launched the "Digital Wallet" plan, aimed at stimulating domestic demand and driving economic growth by directly distributing cash to consumers. However, whether the plan can become a powerful tool to boost the economy as the government wishes remains to be tested by time.

It is worth noting that the Thai Party initially proposed to allThai people over the age of 16 provide digital wallet payment, but eventually the scope is narrowed to low-income groups, that is, people with an annual income of no more than 840000 Baht and total deposits in financial institutions of no more than 500000 Baht. This adjustment reflects the government's balancing and consideration of social equity and efficiency when formulating policies.