Thursday, 19 December 2024

The Cabinet does not dare to decide on digital currency.

I have to say that I’m waiting for Mr. Settha Thavisin, Prime Minister and Finance Minister. Leading the coalition party leaders’ team to hold a big press conference. “Digital Wallet” after the meeting The Cabinet at Government House concluded that the Cabinet meeting “acknowledged” the results of gathering information and facts. and opinions of the working group “Agreed to accept the principles” framework for the 10,000 baht top-up project via digital wallet Both regarding the target group that will participate in the project Guidelines for participating in public projects Spending conditions, product types, store registration Including the source of money to carry out the project which Ministry of Finance The Agricultural Bank (BAAC) and the Budget Bureau will “continue to study the details,” which means that the Cabinet resolution announced by the Prime Minister is only a resolution accepting the principles for the three agencies to study the details further, but “do not dare Decide” on which day 500,000 million baht of digital money will be distributed. Will the money be taken from the 3 sources that the government has announced to distribute or not? He could only broadly say that it would be distributed no later than the fourth quarter. As usual, at the end of his statement, Prime Minister Settha immediately cut short the issue of digital money and asked Mr. Chulaphan Amornvivat, Deputy Finance Minister instead. This made the leaders of the coalition government who attended the press conference laugh at Mr. Chulphan. The Deputy Finance Minister responded to a question about the reason why the Cabinet has not yet dared to decide on a clear date for the distribution of digital money, saying that he still cannot set a date. Must depend on the development of the system (super app) as well, especially about Application stability Security of public and government information Including making various numbers must be secure. If you rush too fast by setting the deadline The time has come and a problem has arisen and we cannot act. Therefore, it must remain within the original framework. Registration for the 3rd quarter will open in the 4th quarter. Issues regarding the use of BAAC funds must be submitted to the Council of State for consideration regarding Section 28 of the Fiscal Discipline Act. Will wait for the beginning of the October budget to consider it through the board and Cabinet again During this time, a meeting was held to discuss details. Including questioning the decree, in summary, it is the reason why the Cabinet has not yet decided on the distribution of digital money. They’re all old stories. The matter of asking about the decree has been asked before. The problem that is the new excuse is that the Super App that has a development budget of up to 1,000 million baht (probably not including the Blockchain system) to be a connection point in the future, such as bank customers entering the “digital wallet system” will It can be used in the 4th quarter. As for the “Paotang” app, it is still one of the options that the government is considering. “Almost all the reasons” that the Pheu Thai government announced Why can’t 500,000 million baht of digital money be distributed to citizens aged 16 years and over to stimulate the economy with 10,000 baht each to create an “economic whirlwind”? No one knows yet. Will there really be a distribution at the end of the year or not? There is only confirmation from the Prime Minister that at the end of the year (next 7–8 months) it will definitely be distributed, but we don’t know what date yet. Until today, 7 months have passed. The source of the 500 billion baht distributed money is still not finalized. We have to ask the decree again and again the Super App that will be used to distribute money is still not finished developing. Then it will cause How can an “economic whirlwind” occur if it is the actual climate? Today the weather has changed. No matter what we do, there will be no more cyclones. The seasons have changed, it’s true. There are still many reasons. that the government knows The opposition knows it, academics and general financiers know it. There were protests against the government with good intentions. But the government didn’t listen. Don’t forget to think about the day you lose power. I agree with everyone who came out to tell the government that Stop using the wasteful method of handing out money because the more you declare the details of the use of money, the more clearly it becomes clear. In the end, whose pocket will the large sum of 500,000 million baht go into? The government should pour this money into “creating jobs” for the people. “Money-making work” would be much better. So that the country and the people will prosper together. Better than hugging each other until And there were very few people who would get rich from this kind of money.” Change direction.” Click to read the column. Additional “Thailand Notes”