Economics, Chulalongkorn University, recommends methods for distributing money for maximum results, from half each person to 10,000 per person. Should the government hand out ten thousand baht? Or where to borrow money from? Big economic stimulus signals are sure to come amid the expectation of people to get money before Songkran next year. Therefore, lessons should be learned from research on the “Half Each” project, suggesting ways to distribute money with limited spending, use it often, use it for a long time. The most money goes into the grassroots economy.
Assoc. Prof. Dr. Athipat Muthitacharoen, Lecturer, Faculty of Economics and Director of the Economic Research Center Chulalongkorn University Mentioning the policy of giving away 10,000 baht digital money, he said that he wants the government to design methods for distributing money carefully and to be most effective. This is because Thailand’s fiscal position is not as strong as before. The cost of the digital wallet policy is over 500 billion baht, which is considered to be a fiscal cost of approximately 3.5% of Thailand’s GDP.
The methods of distributing money to stimulate the economy in the world can be divided into two broad types. The first is traditional cash stimulus (Traditional Cash Stimulus), which is giving the entire amount of money directly. without specifying any method of spending, which often has low effectiveness This is because people often do not spend all their money immediately or may put it into savings instead. There is also the opportunity to use the money to buy one big product. This prevents the distribution of money evenly.
The second type is giving away money specifically for consumption. (Consumption-mandated Stimulus) is popular in an era where technology is more advanced. Through the use of digital platforms as a medium in determining spending conditions and target groups. For example, China, where digital coupons are provided through co-payment conditions, where the government gives discount coupons when citizens spend a certain amount. and Thailand, where the government pays half in the Half-Half project through the Paotang app
Source: Thai News Agency