Thailand’s Prime Minister and Finance Minister Srettha Thavisin on Wednesday kicked off the 10,000 baht handout through the Digital Wallet project, expecting to officially launch in the fourth quarter of this year.
The policy aims to cover 50 million eligible citizens with the total funds amounting to 500 billion baht.
The funds will come from three main sources including 152 billion baht from the 2025 fiscal budget, 172 billion baht from the Agricultural Bank and 165 billion baht from the central budget.
The PM said that the cash handout will boost the economy by 1.2-1.6%.
