Jul 11, 2024
Thailand slashes digital wallet scheme budget due to corruption concerns
The Thai government has reduced the budget for its digital wallet scheme from 500 billion baht to 450 billion, heeding warnings from the National Anti-Corruption Commission. The decision came after the Finance Ministry's examination revealed that 450 billion baht is sufficient for the scheme. The budget will be sourced from fiscal years 2024 and 2025, and the subcommittee has also excluded certain items from the 10,000-baht handout.