From “digital wallet” to “cash payment”, gurus expect that they can't make money on time. Adhere to legal procedures Be quick to dispel political threats and point out that this is not a policy to stimulate the economy.
“Digital Wallet” The scheme will adjust conditions for disbursement of payments to vulnerable groups after news emerged that it is still moving forward. They were the first to be registered as the council approved an additional budget of 122 billion baht to distribute ten thousand digital wallets that will be distributed as cash through government welfare cards. As for other groups to help vulnerable groups, they haven't considered it yet.
Amid the news about the digital money supply being turned into cash, the news team has a direct line 'Teacher. Dr. Shanti Saisreesavatsuk' The Faculty of Economic Development invited the National Institute of Development Administration (NIDA) to discuss the case and solicit comments.
“This kind of decision has economic implications. It means 'changing policy' and completely changing policy objectives.” Assistant Professor Dr. Shanti expressed his views.
Can't make money on time, run afoul of the law and change policy to reduce political threats? :
Assistant Professor Dr. Shanti invites you to look back at the beginning of the Pheu Thai Party's master plan. From the beginning it has been said that digital wallet is a measure and uses the word to stimulate the economy IGNITE Thailand (Ignite Thailand) would need to invest hundreds of billions to make an impact, so you can see that the old idea was intended to spur economic expansion.
But when the government tried to implement this scheme, it faced various problems. Especially making money because if you want to do a 400 billion baht project, there are a lot of laws involved. Also there are many conditions to get loan or not. So, now he took the opportunity to disconnect. To reduce political risk
Now we can see that the money to be withdrawn from the 2024 budget by September comes from only two sources. Another is the additional budget for 2024, about 122 billion, which was passed by the Senate.
“The money sent from the Senate is about 122 billion baht, and about 40 billion baht from the budget, a total of 160 billion baht, which the government can distribute without any problems. This money is much safer than the 4-5 hundred billion we originally thought to do.”
Professor Shanti expressed his opinion 5,000 baht will be distributed and will be given to state welfare cardholders, the news said. I think the way of thinking at the moment is that there are approximately 14-15 million poor card holders, but if you multiply that by 5,000 baht, that number is about 100 billion baht, which is 122 billion baht. How do I guess why they gave this group in the first place?
It is no longer a policy to stimulate the economy:
from “opinion” And “analysis” Assistant Professor Dr. Shanti said what the teacher said so to conclude This now means that the move will no longer be a stimulus to the economy. But, it has become a movement to help those in need.
Therefore, it is not different from the steps taken by the previous government. It means creating policies that help but what reason will the government find to inform the public why it has made this choice? That is his reason. But implicitly, I think it has become a rescue move.
“Now it's a matter of how much aid we can give. What will be the impact on the economy? But this kind of aid does not make the economy grow. So, if you actually decide to do this, I think it's a change in the policy framework mainly for political reasons. And the money that will be spent will be totaled in the 3rd and 4th quarters. will not have a major impact on domestic production.”
Prof. Dr. Shanti said that now that helping has become a policy, we must continue to ask. So where are the measures the government says will stimulate the economy, and what are they? Because now I don't know what he will do.
DUPLICATE BENEFITS No hope for non-spenders:
Vice-Chancellor Dr. Shanti further explored In future, to which group will he distribute? We will have to wait and see in fiscal year 2025, when the government aims to use another 160 billion baht if that money has already come out. To reach the promised 10,000 baht, the government can pay another 5,000 baht to vulnerable groups.
Because if you focus on paying new groups you have to sit down and struggle to explain why it's still being distributed like this? It has no effect on stimulating the economy. But it turned out to be a relief.
“Incentives cannot solve the problems of our country's economy. It's not because people don't want to spend money. But he has no money to spend. Because things are getting expensive. It's not because people have money and don't use it. But there is no confidence in their future income. So I decided it was better not to use it.
When that happens, the government should encourage them to spend. A good way to encourage him is to build his confidence. Get the same income that doesn't disappear anywhere that he won't be unemployed, which fixes the things mentioned above. This cannot be done by giving money to disadvantaged groups.
Assistant Dr. Shanti is likely to place more emphasis on giving money to vulnerable groups. This will discourage other groups from spending. The reason is that they are not getting paid. The second reason they will question: This policy is not stimulating the economy so how can we be sure that the economy will be better next year?
Also, disbursements to vulnerable groups who have poor people's cards. Questions may arise: Does this group of people have advantages over each other? Having a government welfare card already entitles you to money and certain rights
“Also, now we have come to say that we are paying. And in the past, digital money has been touted for various reasons, such as not being allowed to buy drugs. Don't buy a phone but when it's cash,back issues.
No policy objectives:
Although the policy has changed, the professor of the Faculty of Economic Development is of the opinion but as far as government politics is concerned, he may say “It wasn't meant to be.” But they were pressured and coerced in various ways. So, we have to do this. For example, the old prime minister wanted to push this policy. But there is no chance of that as it was withdrawn first.
“He can come out and say the truth is, I don't want to do this. But that politics is not stable yet. He has to do it for the country to move forward. I think these are the guidelines he has prepared for political interpretations. Because nowadays the voter base always says that, the government doesn't want to do it. Not that I want to do it but I can't because various political tools have been used.”
When everything seems to be going according to news 'Teacher. Dr. Shanti Saisreesavatsuk' He therefore expressed the opinion that I see that policy is nothing substantial like this. No clear direction. He said he would take the loan if he campaigned from the beginning but there was a way to get the money back and explain it. That's no problem.
It is true that many difficulties can be overcome legally. But if explained clearly there seem to be more policy goals. But he seems to have no intention. If you want to change, change. Academic language is called no policy objectives (policy objectives).
“What exactly is the goal of the disbursement you intend to make? If you say you will help the affected people, how many months will this money help? Or do you want to help again in the 4th quarter? It raises a lot of questions because nothing is clear.
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