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The
central bank confirmed to Reuters it had sent a letter to
cabinet with its recommendations on the digital wallet policy,
following a request from the government to provide feedback.
The Bank of Thailand had earlier on Wednesday told a press
conference it had no objection to stimulus but wanted it to be
targeted.
The policy received cabinet approval on Tuesday, clearing
another hurdle for the government to roll out the stimulus plan,
which would give 10,000 baht to each of 50 million Thais to
spend in their communities in a six month period.
Paopoom Rojanasakul, secretary to the finance minister, on
Wednesday told reporters the policy sought to reach the broader
population, not only vulnerable sectors.
The digital wallet, rollout of which has been delayed until the
end of this year, has been widely criticized by economists and
some former central bank governors as fiscally irresponsible.
The government has insisted it will not negatively affect
finances.
The prime minister says the handout is necessary to breathe life
into an economy in "crisis", a depiction the central bank
governor has disagreed with.
($1 = 36.95 baht)
(Reporting by Orathai Sriring, Kitiphong Thaichareon and
Satawasin Staporncharnchai; Writing by Martin Petty)
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