On May 6, 2025, Prime Minister N.S. Waithayathat Chinawat addressed the ongoing discussions surrounding the Digital Wallet Phase 3 project, which aims to allocate 10,000 baht in digital funds to individuals aged 16 to 20. Following a meeting of the Council of Ministers (CRM), the Prime Minister confirmed that the project is still under consideration and has not yet been finalized.
During her interview, the Prime Minister emphasized the importance of gathering feedback before making any decisions. She stated, "We are still in the process of listening to opinions regarding the economic stimulus project. The world economic situation is changing, and we must consider various factors that could impact our economy. Therefore, we are open to feedback from all relevant agencies." This statement underscores the government's commitment to ensuring that any economic measures taken will be beneficial for the entire population.
While some reports suggested that the government might cancel the Digital Wallet project in light of external economic pressures, the Prime Minister firmly stated, "We have not made any decision to cancel anything. We are still in the phase of gathering opinions and must understand the necessity of this project before proceeding." This reflects a cautious approach as the government navigates the complexities of the current economic landscape.
Deputy Minister of Finance, N.S. Waithayathat, reiterated the Prime Minister's sentiments, highlighting that the council is still in the feedback-gathering stage. He noted, "We must ensure that the details of the economic stimulus are comprehensive, as this funding aims to generate the greatest benefit for all Thais. It is essential that we carefully consider how this money will be utilized to maximize its impact." The Deputy Minister acknowledged that there are still matters that need to be addressed and that the council is committed to thoroughly understanding all aspects before moving forward.
The Digital Wallet Phase 3 project is part of a broader strategy to stimulate the economy, especially in light of external factors that are beyond the government's control. The Deputy Minister pointed out, "We must manage our budget carefully, considering not just the Digital Wallet project but all related expenditures. The government is aware of the high demand for budgetary funds, but we must prioritize effectively to ensure that we can respond to the current economic uncertainties."
As discussions continue, the government is also facing pressures from external economic factors, including potential changes to U.S. tax policies that could affect Thailand's economy. The Prime Minister acknowledged these challenges, stating, "We must be aware of global economic shifts and how they might influence our domestic situation. Therefore, we will take time to listen and analyze all feedback before making any commitments."
There is also a recognition that any decision regarding the Digital Wallet project must be made with transparency and in collaboration with various stakeholders. The Deputy Minister emphasized, "Everything must go through the council and all relevant agencies to ensure that we are making informed decisions that will benefit the public." This commitment to transparency is critical as the government seeks to navigate the complexities of economic recovery.
In the meantime, the government is exploring various options for economic stimulus, including smaller investment projects that can be implemented quickly. The Deputy Minister stated, "We recognize that larger investment projects may take time to yield results, so we are considering smaller, more immediate initiatives that can have a positive impact on the economy in the short term." This pragmatic approach reflects the urgency of addressing economic challenges while also planning for long-term growth.
As the government continues to solicit feedback and weigh its options, the fate of the Digital Wallet Phase 3 project remains uncertain. The Prime Minister concluded, "We must gather all opinions before we can determine whether to delay or proceed with the project. Currently, there are no changes, but we need to ensure we have all the necessary information before making any announcements." This cautious yet proactive stance aims to reassure the public that the government is committed to making well-informed decisions that prioritize the economic well-being of all citizens.
