'Pheu Thai' points out that he has listened to suggestions for a digital currency of 10,000 baht, and implores those who oppose it to 'listen to the people' as well, because when going to the area there were only questions. 'When will I get 10,000 baht?' insists that we must stimulate the fundamentals of the economy to be strong. Ready for large investment Push GDP to grow in the long term
Miss Linthiporn Warinwatchararoj List MP, Deputy Secretary-General and Acting Spokesperson of the Pheu Thai Party said that the Pheu Thai Party has acknowledged comments from many parties regarding the 10,000 baht digital wallet or digital wallet project, which is both positive and negative from both parties. some academic Therefore, I would like to understand as follows:
The origin of the said policy It comes from Pheu Thai Party going to the area to listen to the opinions of the people. people who earn their living and farmer brothers and sisters They are in dire need of help. From problems that have accumulated over many years Especially during the COVID period that has caused the lives of citizens to be disrupted to the point of negative results. Until causing household debt in 2020 to surge 10 times from 2010 and in the first quarter of 2023 it was at 90.6%, which is a problem that has accumulated since Covid until the present. Debt increases because people are weak and fragile. It is the source of 'reducing expenses'.
From the latest evaluation of the University of the Thai Chamber of Commerce, it was found that Such a project will be able to stimulate the economy 2-3 times (fiscal multiplier), representing an economic value of 1-1.6 trillion baht, and it is estimated that Thai GDP in 2024 will expand up to 5-7%, even though it is seen as short term stimulation But the Pheu Thai Party sees it as a start to lay a strong foundation for the economy in 2024 so that in the following years there will be more foreign investment. is the source of 'Increase income' via digital wallet 10,000 baht, wages 600 baht in 4 years and salary with a degree of 25,000 baht coming soon.
large infrastructure which is a long-term investment There are also many projects that the government is preparing as well, such as the Southern Economic Bridge project connecting the Gulf of Thailand-Andaman sea. (Chumphon-Ranong) or Land Bridge Project, Infrastructure in Phuket Province, EEC Project and various public transportation systems Short-term economic stimulus project Can be carried out in parallel with large projects which is a long-term economic stimulus project
Now Thailand It is in a period of rising interest rates. The MPC announced the latest interest rate increase of 0.25% on September 27, 2023 from 2.25% to 2.50% per year, and it is an interest rate increase 8 times in a row since August 10, 2022, which may affect investment. and Thai exports can shrink. Therefore, stimulating domestic consumption. Along with reducing expenses for people at the grassroots level of society. and large investment It is necessary to do. is the right solution and will help grow the economy in the long run.
“The Pheu Thai Party, as the leader of the government, looks at the big picture, looks at the overall picture of the people all over the country. We have always listened to our local MPs. In the past, no one has said that they don't want 10,000 baht in digital money. There are only questions. that 'When will I get 10,000 baht?' Concerns We acknowledge. Suggestions that are beneficial to project development are always open to us. But I want people to object. Listen to the voices of the people as well. The person he's waiting to receive He may not be as famous as you. But they are in trouble and waiting,” Ms. Linthiporn said.
Source: Thai News Agency