The 600 billion baht of Thailand, the government naturally hopes that the faster the implementation, the better, but the relevant supporting measures are still as far as to this day.The golden flow system, wallet system, service provider, technology integration, even if it really wants to apply the blockchain, who to use the "chain" to use the huge interest distribution mysteries, and the "specific person" that must meet the "specific people" of all partiesexpect.
Many countries have implemented the policy of government money during the epidemic.At the beginning of the 2024 New Year, the Thai government announced a lot to issue a big red envelope of 10,000 baht (about S $ 380) for all Thai citizens who are 16 years old.If it is calculated by about 55 million people, and the "necessary" administrative and system cost, a budget of more than 600 billion baht has become the focus of discussions in Thailand.
600 billion yuan is not a decimal. You must know that the Thai government's total expenditure budget of 2024 is only 3.4 trillion baht, of which more than one -sixth will be sent directly to the public, even if the new prime minister and financial minister's social ethicsHe vowed, which will greatly boost the downturn in Thailand, create job opportunities and improve the lives of more people, but many economists are worried that the consequences of huge debt bonds are unimaginable.Besides, there are public projects delayed due to the epidemic, and the import and export performance is weak, and foreign tourists are not as expected. The third quarter economic growth announced at the end of last year is only 1.5%.optimism.Although the medicine is under severe cases, whether the money can reach the expected goal, Thai public opinion positive opinion competes for the recent compete.
To avoid unfairness, moderate rich clauses are still there.According to the plan for the Thai party cabinet, in addition to the age of 16, the monthly income must be less than 70,000 baht and the deposit of less than 500,000 baht can get the 10,000 baht.About 500 billion baht will be distributed in the people in the form of "electronic wallets". The other 100 billion baht will be used for investment fintech and related emerging industries."Opportunity.It is also because of the big deal and involving huge interests. Social morality said that it was difficult to implement this policy in May, but the Thai government will never cancel the electronic wallet plan.Interestingly, in an exclusive interview with the Broadcasting Corporation (BBC), he also guaranteed that there were absolutely no abstain from corruption and fraud.
But let's take a look at what the so -called "electronic wallet" plan is.Different from cash, as the name suggests, the electronic carrier must be used as a payment tool, similar to China's WeChat payment, or such as LINE PAY, Apple Pay, and various digital payment systems.This set of money sprinkled by the Thai government also launched the corresponding digital wallet.This wallet is also known as the combination of blockchain technology. It is similar to the "Central Bank Digital Currency" (CBDC) model that has been fired in the past few years.The advantage is that it can reduce payment costs, implement inclusive finance, and fully supervise and manage each transaction. It also helps the government to implement monetary policy more easily.
However, although it seems to have a relationship with the blockchain, it is not like Salvador in Central America or the Chinese Republic of Africa, directly, simply and rudely recognize Bitcoin as the legal country currency -those countries themselves itselfThere are serious problems in the financial system, and delusional to boost economic development through the gimmick of virtual currency.Although Thailand is also facing the form of technology and finance, after all, it is still the baht as the basic pricing unit, but it is only issued through the form of digital currency.
Back to this wave of seemingly helicopter to sprinkle money, even if everyone can have extra funds at hand, other possible impacts cannot be ignored.The World Bank experts proposed that although this policy is expected to increase the gross domestic product and create wealth, it may be a challenge to register this payment tool for all legal citizens.After all, not everyone is familiar with digital payment operations of mobile phones and other devices.Furthermore, a large amount of funds in the market poured into the market, and it is likely to push up inflation.In the moment when this is high, the central bank must be carefully monitored and adjusted to avoid rising prices.
In this regard, the author stands in a relatively optimistic stand, because compared with bank accounts and financial services, mobile phone and network penetration rate is still higher.Judging from the cases of many developing countries, mobile devices and digital technology can enable more people to enjoy the convenience and benefits of finance.As for inflation, the Thai consumer price index has been controllable, and compared with quantitative easing of banks and enterprises, cash directly to the public, which has a small impact on inflation.This can be seen from some historical events. For example, during the epidemic period, Trump issued more than $ 5 trillion to all Americans, and Taiwan's consumer coupons and five -time vouchers issued by Taiwan during the period of the government.Price trends have not seriously inflation.
Back to Thailand's 600 billion baht big cakes, the government naturally hopes that the faster, the better, but the relevant supporting measures are still paying.In addition, except for more than 500 billion baht directly distributed, how should the remaining budget of more than 100 billion baht be configured?The golden flow system, wallet system, service provider, technology integration, even if it really wants to apply the blockchain, who to use the "chain" to use the huge interest distribution mysteries, and the "specific person" that must meet the "specific people" of all partiesexpect.Even if the social morality vowed to guarantee that the money would definitely give each qualified citizen's hands, but when the above problems did not reach a consensus, when will the money be sprinkled?
The author is the United Nations Advisor of the Information Technology Department
