Government Explores Funding Options for 10,000 Baht Digital Wallet Handout to Boost Economy

Borrowing and increasing public debt are among the funding options for the 10,000 baht digital wallet handout scheme.

The policy committee is exploring 3 funding options - adjusting the 2024 budget, borrowing from state agencies, and other loans.

The handout aims to increase purchasing power and drive the economy through a fiscal multiplier.

The application will use blockchain technology and could be used for other services in the future.

Businesses can register to join the scheme by mid-April, with tax registered firms able to make cash from the wallet.