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.

    • helenslunch@feddit.nlEnglish
      25·
      1 month ago

      No we’re just ignoring the “spins” and discussing facts. If you want to use different words, that’s fine. But to say that someone else is wrong because they didn’t use your preferred synonym is factually incorrect. It’s needless banter in an area that already has a massive excess.

      • acargitzEnglish
        61·
        1 month ago

        So, if I call you a pedant, as opposing to “detail oriented”, you’ll be fine with it, because we’re just discussing facts and you’re fine with different words. Cool cool cool cool cool.

        • helenslunch@feddit.nlEnglish
          24·
          1 month ago

          So, if I call you a pedant

          I’m being the opposite of a pedant so that would indeed be the opposite of factual.