Thailand’s prime minister has said 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.

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.

The government announced in April the widely criticized ambitious plan, named the Digital Wallet, meant to give 10,000 baht (about $275) to 50 million citizens in digital money to spend at local businesses.

However, economists have criticized the program, calling it an ineffective way to contribute to sustainable economic growth compared to other measures.

Thailand has in recent years suffered from a sluggish economy that appears to have deteriorated with no clear sign of growth. This month, the World Bank’s Thailand Economic Monitor projected GDP growth of 2.4% for the year 2024.

  • Evil_Shrubbery@lemm.eeEnglish
    31·
    2 months ago

    By that logic a wage is also a handout if the job isn’t contributing anything to society.

    • helenslunchEnglish
      13·
      2 months ago

      If the job isn’t contributing anything then it’s not a job because no one is going to pay you to do it LOL

            • helenslunchEnglish
              11·
              2 months ago

              My guy, what about them? Use your words.

                • helenslunchEnglish
                  1·
                  2 months ago

                  If you refuse to explain yourself then I cannot answer your question. Have a nice day.