She was responding yesterday (May 15) to reports that the government would review the third phase of its digital wallet scheme in light of the impact of US tariffs on the Thai economy, reports the Bangkok Post.
Finance Minister Pichai Chunhavajira said on Wednesday that all economic stimulus policies, including the B10,000 handout, are under review as the government must reconsider its priorities in light of trade turmoil that was effecting the economy worldwide.
Mr Pichai, also deputy prime minister, was responding to reporters’ questions ahead of a meeting of the economic stimulus policy committee at Government House.
The third phase of the handout is expected to cost B27 billion. Some critics have suggested the funds would be better spent in other areas, as the first two phases of the cash handout had only marginal economic impact.
Ms Paetongtarn said the government needed to listen to more opinions given the changing economic situation and US tariff policies which were new factors.
“More opinions have to be listened to. If we have a final conclusion, we will immediately let you know,” she said prior to departing for a two-day official visit to Vietnam.
The government was trying to find the most effective way to stimulate the economy, she said, adding that the third phase of the digital wallet was still on the cards.
“It has not been cancelled, We are waiting to hear all opinions and trying to push forward in every aspect,” she said.
The government had many economic stimulus policies that required cooperation from all sides as the world economy was now being affected.
“We need to use both money and policies to stimulate the economy, and not just one age group,” said Ms Paetongtarn. “Under the original plan, we divided (the handout) into age groups. But now, we must look at everything.”
In March, the Cabinet approved the third phase of the digital wallet programme, which will distribute B10,000 to 2.7 million people aged 16 to 20 as part of its economic stimulus package.
The first two phases covered welfare cardholders, people with disabilities and people aged 60 and older.