Bangkok, A government spokesperson revealed the results of a study by economists confirming that the Digital Wallet policy has an important effect in stimulating GDP growth.
Mr. Chai Watcharong, spokesman for the Prime Minister's Office, revealed the results of a study by Dr. Suwit Sanphawittayasiri and his non-traditional economics team that explained the effects of policy on GDP and public debt on GDP. The report shows that Digital Wallet policies have the greatest impact on stimulating GDP growth and have the lowest impact on increasing public debt to GDP.
From the graph of the aforementioned study, it was found that The Pheu Thai Party's economic stimulus policy according to the Digital Wallet policy of 10,000 baht will be able to stimulate the results of GDP growth up to 4.73%, 5.22%, 5.61% and 5.54% in the fiscal year. 2024,2025,2026 and 2027 respectively and have the lowest impact on the increase in public debt to GDP.
“Although this study is a comparative study of policies during the pre-election period of various political parties, But through a model for calculating the budget amount according to important fiscal policies that each political party campaigned for before the election. By predicting the effect of that policy on the growth rate of GDP and on public debt to GDP. The government spokesman said that the policy determination of the Pheu Thai Party Having passed the framework for thinking about development amidst future challenges, it sees danger signs that if GDP is still allowed to grow at a low level of only around 2% as in the past 8-9 years, the economy of Thailand will begin to have problems caring for the elderly, whose number will increase every year. Or even the ability to pay civil servants' pensions may also be affected. It is therefore essential to bring GDP growth up to 5%. Therefore, we want to start the economic engine. Stimulate spending to revive and turn around the economy as quickly as possible,” Mr. Chai said.
Source: Thai News Agency