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The original was posted on /r/worldnews by /u/No_Size_1765 on 2024-07-15 16:20:39+00:00.
Thailand is set to roll out a controversial $13.8 billion handout plan in digital money to citizens
Submitted 2 years ago by bot@lemmit.online [bot] to worldnews@lemmit.online
https://apnews.com/article/thailand-digital-wallet-handout-economy-97ebed6ec130510a37c98f55316ee2c0
autotldr@lemmings.world [bot] 2 years ago
This is the best summary I could come up with:
BANGKOK (AP) — Thailand’s prime minister said Monday that eligible businesses and individuals can register from August for digital cash handouts, a controversial program that will cost billions of dollars and is meant to boost the lagging economy.
Prime Minister Srettha Thavisin posted on the social platform X, saying the registration will begin Aug.1 and that he has given instructions to ensure the smooth implementation of the program.
The “Digital Wallet” was a major campaign promise of the ruling Srettha’s Pheu Thai party ahead of last year’s general election.
The government says that this scheme will cause an “economic tornado,” and Srettha has said the stimulus and subsequent consumption are expected to boost gross domestic product growth by 1.2 to 1.6 percentage points.
Julapan added that the Digital Wallet committee has agreed to exclude tens of thousands of shopowners and cash recipients who have a record of committing fraud in past programs.
Julapan said the Commerce Ministry would handle the exclusions set to be announced next week after the detailed plan is submitted to the Cabinet.
The original article contains 466 words, the summary contains 176 words. Saved 62%. I’m a bot and I’m open source!