Reported 11 months ago
Thailand's central bank opposes the government's plan to distribute a $14 billion cash stimulus to nearly all adult citizens, insisting it should focus on the needy instead of stimulating demand across the board. The Bank of Thailand Governor Sethaput Suthiwartnarueput suggested that the digital wallet program, currently aiming to provide cash to 50 million citizens, should only cover the 15 million welfare cardholders to ensure fiscal health. The government's push for the cash program has faced challenges, delays, funding controversies, and uncertainty about its implementation and impact on the economy, leading to deeper discord between the government and the central bank.
Source: YAHOO