'Chulaphan' confirms that the transfer of budgets from 5 state banks to use the digital wallet project does not violate the law. Revealed that waiting for the cabinet to swear an oath - the government policy statement will explain the details again. Mr. Chulaphan Amornvivat, Deputy Minister of Finance, as Vice Chairman of the Special Committee to Consider the Draft Budget Act for Fiscal Year 2025, explained Section 6 of the central budget that in terms of the central budget for economic stimulus to be used in the digital wallet top-up project, the concern about the budget changes of the 5 state banks to stimulate the economy is in accordance with the law in every respect, which was set in the first reading budget, passed by the Cabinet resolution, and submitted to the House of Representatives, which was approved in the first reading. The proposal to change the 5 state enterprises, totaling 35 billion baht, was because it had been reviewed and the budget that had been delayed could be reduced in order for th e government to use the policy in urgent projects. 'It is confirmed that it does not violate the law. It has not been adjusted in Section 40, the expenditure to pay off government debt, the government debt management plan, which has been set at 410 billion baht, of which 28 billion baht is for the debt repayment of the Bank for Agriculture and Agricultural Cooperatives (BAAC). It has not been adjusted to repay the proportion that must be repaid. The consideration process at the committee level to change the expenditure budget from Section 29 to Section 6 is in accordance with the law in every respect,' said Mr. Chulaphan. Mr. Chulaphan continued that the 10,000 baht top-up project via digital wallet is now well known in the Thai political situation that we have Ms. Paethongtarn Shinawatra as the prime minister and is in the process of submitting it to the cabinet and must have an audience to swear an oath and present the state policy to the parliament meeting. However, the clarity that has occurred until to day, the prime minister has clearly expressed his intention that the digital wallet project must continue, but the format and details of the project may need to be adjusted. We will have to wait for the new cabinet and the policy statement to the parliament before there will be an explanation and understanding. However, the money that has already been received from the additional budget 67 or the budget that we are considering in this central budget will eventually be used and passed to the people as a mechanism to stimulate the economy through digital wallets. Source: Thai News Agency
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