BANGKOK: Thailand will delay the rollout of its US$15 billion digital wallet handout scheme, but still launch it in the first quarter of next year to revive the economy, a deputy finance minister said on Thursday (Oct 19).
The new government's signature economic programme, which has been heavily criticised by economists, was originally scheduled to begin on Feb 1.
Deputy Finance Minister Julapun Amornvivat said the government needed more time to work on the details of the scheme and was still open to suggestions of all parties. "This project will help the economy grow in line with its potential ... without this project, the economy might grow just 2.6 per cent or 2.8 per cent," he said.
Southeast Asia's second-largest economy grew just 1.8 per cent in the April-June quarter from a year earlier, much slower than the previous quarter, as exports slumped.
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