Poor may be priority for digital handout

Quick Summary:

The digital wallet handout may be distributed first to groups of people that most need it for spending to inject money into the economy towards the end of this year, says caretaker Deputy Finance Minister Paopoom Rojanasakul.

Excluding weekends, the average annual income for a minimum wage worker would be around 90,000 baht.

Regarding the proposal to address income inequality through a negative income tax (NIT), Mr Paopoom said it was a good concept to redistribute funds and reduce social inequality.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Conditions Groups Cardholders Paopoom State Card Funds Welfare Need Baht Income

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-30 @ 04:45:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 387 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 22301778

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Year Established: 1946

Headquarters: Thailand

News Last Updated: 1 days ago

Coverage Areas: Thailand

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #66

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