BANGKOK — Thailand's prime minister said on Monday that eligible businesses and individuals can register from August for digital cash handouts, a controversial program that will cost billions of dollars and is meant to boost the lagging economy.
BANGKOK — Thailand 's prime minister said on Monday that eligible businesses and individuals can register from August for digital cash handouts, a controversial program that will cost billions of dollars and is meant to boost the lagging economy.The government announced in April the widely criticized ambitious plan, named the Digital Wallet, meant to give 10,000 baht to 50 million citizens in digital money to spend at local businesses.
At first, the government said the state Bank for Agriculture and Agricultural Cooperatives would cover some of the funding needed. However, after warnings by financial experts, it was announced that the project's funding would come out of the 2024 and 2025 fiscal budgets.
To Hand Out $13.8-B Digital Cash
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