Review Ongoing for Phase 3 of Digital Wallet

BANGKOK (NBT WORLD) – Prime Minister Paetongtarn Shinawatra has stated that the government’s Phase 3 economic stimulus plan, featuring a 10,000 baht payment for individuals aged 16 to 20, is currently under review and has not yet been submitted to the Cabinet.

Key Takeways

• Prime Minister Paetongtarn Shinawatra announced that Phase 3 of the economic stimulus program, proposing a 10,000 baht payment for youth, is under review and has not been presented to the Cabinet. Input is being gathered from key agencies due to global economic uncertainty.
• Feedback has been received from the National Economic and Social Development Council and the Bank of Thailand. Consultations with public and private stakeholders aim to assess the necessity, timing, and potential impact of the Digital Wallet scheme’s next phase.
• The Prime Minister emphasized the importance of including diverse perspectives for effective and equitable benefits. A decision on implementation will depend on received input, with the proposal still under active consideration and no timeline set. Patience has been requested from the public.

After the Cabinet meeting, she highlighted that input from key agencies is being assessed due to ongoing global economic uncertainties. The National Economic and Social Development Council and the Bank of Thailand have already contributed feedback. The government is also in dialogue with both public and private stakeholders to evaluate the necessity, timing, and impact of proceeding with the next stage of the Digital Wallet scheme. Although the program’s aim is to boost economic activity, the Prime Minister emphasized that decisions will reflect diverse perspectives. She urged patience as the government considers domestic and international factors, with no fixed timeline for implementation yet as the proposal remains under active consideration.

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