Government House,, “Chulapan” moves forward with the digital money wallet project, insisting that BAAC has high liquidity. Please don’t worry about the source of the money. The “Phum Tribe” is confident that the money will be distributed according to the law in all respects.
Mr. Chulaphan Amornvivat, Deputy Minister of Finance Mentioning the progress of the 10,000 baht digital wallet project, which has not yet set a clear date for the distribution of the money. It depends on the development of the system as well. Try to expedite the process of doing everything. But you have to be careful. Especially regarding the stability of the application. Security of public and government information Including making various numbers must be stable and safe. The deadline would be too rushed and compressed. This will not cause any operational problems, however, confirming the original registration framework in Q3 and opening in Q4.
As for what issues need to be questioned by the Council of State? Deputy Minister of Finan
ce said that the issue had not been determined. But the Prime Minister ordered it at a Cabinet meeting. If in doubt about any issue that is a matter of law Send it to the Council of State for decision. which is about the authority and duties of the BAAC which he has given news many times And then look at the details. Ensure that it complies with the framework of authority and duties But if it will bring clarity Inquiries to the ordinance are something we are ready to submit. If you have questions about the law or more, we are ready to send them. There’s no point.
When asked again whether the Ministry of Finance would send the matter to the Council of State to consider the authority of the BAAC to give money or not, Mr. Chulphan said that this issue must be submitted.
Has the matter been brought to the BAAC board for approval? Deputy Minister of Finance said that it has not yet been imported. The process for implementing Section 28 is a type of budget process. It is the implementation of what is called quasi
-fiscal policy. This policy will begin to be implemented according to the framework of Section 28, which will begin around October. It will probably be close to that time before it will be considered through the board and Cabinet again. Between now and October, there will probably be many more things that need to be done to complete the details. As for the supervisory committee which has already been established Must meet to discuss all details. Including the matter of inquiring about the decree to provide clarity and readiness for action. Which has 4-5 months remaining.
As for the liquidity issue, the BAAC wants the government to be clear: it will begin to use it back. How can the BAAC? Mr. Chulphan said that asking questions should not be suggestive. Because the question said that the BAAC came to ask for clarity. The BAAC did not have any questions.
When asked about the matter by the State Enterprises Union, Bank for Agriculture and Agricultural Cooperatives, Deputy Minister of Finance said no, the union
had not asked that question. But asked for various details, which he had already explained. All parties understand each other. and the union is ready to implement this policy Because it is beneficial to farmers As for the union What he is most concerned about is the framework of authority. Which we have learned according to the Cabinet resolution to send an inquiry into the decree so that all parties are comfortable and ready.
Mr. Chulphan said that as for questions related to the liquidity of the BAAC. The BAAC is stable and don’t forget that the government holds 100 percent of the BAAC shares. We only strengthen the BAAC. There are 3 points that he explained to the union: 1. Operations must be in accordance with the legal framework in all respects. Including the powers and duties of the BAAC. If there is any doubt in the process To create clarity The government welcomes whatever the decree is. 2.Stability of BAAC High stability
‘What we will do is within the capacity of the BAAC. Without any problems What
the government does It will strengthen the banks under supervision because the BAAC is one of the main wings in carrying out the government’s policy in helping farmers. Every past government has always used the BAAC service. This government sees the importance and will only make it stronger. And 3. What is being done will absolutely not affect the welfare of any BAAC staff and employees,’ said the Deputy Minister of Finance.
When asked what is the policy for increasing capital for the BAAC, Mr. Chulphan said that this matter was discussed on our part. There is a process. But the discussion process when we top up money with regulated banks, for example, adding 1 baht to the BAAC can open a credit line for farmers to 11 baht, adding strength that we are considering. As for how much and when, we would like to meet 1-2 more times to consider, confirming that the BAAC has sufficient liquidity.
When asked again, can people now be relieved that they will actually receive digital money? Deputy Minister of Finance s
aid that he can be relieved. We can confirm the time frame that people will definitely receive in the 4th quarter at the same time. The reason being that at the same time we want to have an economic impact. Once it goes down, there will be stimulation, turnover, investment, employment. We want results there. And we see that right now the operation has not been interrupted at all.
Mr. Paophum Rojanasakul, Secretary to the Minister of Finance Confirming the application system that there are no problems, there are 2 systems: the registration system and financial transaction system It will be connected in many sectors. To develop the country’s digital economy, both systems have been developed and are within the time frame that has been set. Registration will open in the third quarter of this year and people will receive the money in the fourth quarter. Details will be officially announced later. To confirm the information in the application again.
In the future, if there are legal problems that follow. Will the
government share responsibility for the whole group? Mr. Paophum said that he would like to confirm that what we are doing is in accordance with all laws. We check the details carefully. Both in terms of authority and the acquisition of various budgets.
Source: Thai News Agency
