Bangkok: The Treasury Department is poised to introduce digital tokens, known as G-Tokens, as a strategic measure to offset the anticipated 2025 budget deficit. This initiative is part of a broader effort to allocate the annual budget for interest payments.
According to Thai News Agency, Mr. Patchara Anantasin, Director of the Public Debt Management Office (PDMO), announced that the Cabinet has approved a draft from the Ministry of Finance. This draft outlines the criteria, methods, and conditions for issuing G-Tokens as a novel fundraising tool. The approach mirrors strategies employed by developed nations, leveraging technology to enhance financial instruments, expand economic opportunities, and diversify investment options.
The issuance of G-Tokens is expected to bolster the country's digital asset market, positioning it as a sustainable source of fundraising and steering the country towards becoming a regional financial center. The G-Token is designed to be a stable investment option for the public, offering low risk, defined returns, and efficient trading capabilities in the secondary market. This will aid investors in managing their finances and liquidity more effectively.
The PDRC has scheduled the initial offering of G-Tokens to the public for fiscal year 2025, as part of the first revision of the Public Debt Management Plan for that year. The returns from G-Tokens will be funded by the debt repayment budget, annual expenses, and public debt, aligning with other PDRC fundraising mechanisms. The plan includes regular offerings of G-Tokens to enhance public investment opportunities. The PDRC, in collaboration with relevant government agencies, will determine the optimal distribution format and method, considering costs, risks, market conditions, investor strategies, and government spending plans. They will provide ongoing transparent information to investors.