Ministry of Finance, – “Chulphan” prepares to present a large board with a digital wallet worth 10,000 baht, emphasizing budget use. Buy products in the district Stimulate local spending by giving Krung Thai Bank the opportunity to develop a blockchain system. Accepting late money transfers after April 2024. Stores that cash money must be in the tax system.
Mr. Chulaphan Amornvivat, Deputy Minister of Finance As the chairman of the subcommittee driving the policy of adding 10,000 baht via Digital Wallet, he said that the meeting had some conclusions. And there are many different opinions. Confirmed to move forward with the project to transfer digital money to the public. to stimulate the economy Because it is government policy Therefore, an alternative proposal has been made to the Policy Committee for the 10,000 baht top-up project via Digital Wallet, chaired by the Prime Minister, in the next period to consider various options, including:
The target group from the original transfer of money to everyone aged 16 years and over, totaling 56 million people, spent 560 billion baht, changing to creating alternatives for the target group. Let the large committee decide on the target groups to receive assistance, namely: 1. Groups with an income or salary of more than 25,000 baht and/or a deposit of 100,000 baht should not receive digital money transfers. There are 43 million people, spending approximately 4.3 million baht. 2. Groups with income or salary of more than 50,000 baht and/or with deposits of 500,000 baht should not receive money transfers. There are 49 million people, spending 490,000 billion baht. 3. Groups with low incomes. They are a poor group, numbering 15-16 million people, spending 160 billion baht, which is a group that should receive assistance. Subcommittee I want to propose cutting off the rights of people with high incomes. But it depends on the consideration of the large board to decide.
The government still uses the KYC system to confirm identity according to the same framework using the same database. who had previously verified their identity with the government From the state welfare card project to join the project For individuals, juristic persons, community enterprise groups village fund When it will open for business will be announced again.
Spending Focuses mainly on consumer products in the district in order to distribute circulating income in the local area. It is considered not too large an area. Money must be spent within 6 months. If not used completely, it will be deducted and returned to the treasury. Therefore, the choice of sub-district area was eliminated. and provincial level For cashing digital money into baht This can only be done by shops that are in the tax system. including Value Added Tax (VAT) registration, corporate income tax Individual income tax payers
As for the source of funds to support the project, three options are proposed: 1. Using budget funds as the main focus 2. Using loan sources. with various methods 3. Using the quasi-fiscal approach according to Section 28 by borrowing money from the Government Savings Bank. I admit that I was interested in But it’s a last resort. Subcommittee Focus on proposing the 2024 expenditure budget in the form of a 4-year continuous budget, using a budget of 100 billion baht per year, totaling approximately 400 billion baht.
In terms of administrators and system operators, Krung Thai Bank has been assigned to create a new platform that is a blockchain system. It is safe. Because they had previously created the Paotang app to support welfare cards. and various services of the state in the past By creating a new system, separate from the Paotang app, by transferring the old database into use. Confirming that less than 12,000 million baht was spent to build the system, as reported in the news, admitting that the process of creating a digital money system must be tested for safety. And using the budget may cause the transfer of digital funds to be delayed. After April 2024 along with the use of government project budgets. – Thai News Agency
Source: Thai News Agency