Bangkok: Siripong Angkasakulkiat, Deputy Leader of the Bhumjaithai Party, has confirmed that the “Half-Half Return” scheme is designed to stimulate the economy in the short term. The project, which has garnered positive reception, is aimed at reviving economic activity.

According to Thai News Agency, Siripong acknowledged that the idea to revive the “Half-Half” scheme, originally implemented during General Prayut Chan-o-cha’s government, is being reconsidered. Party discussions have focused on short-term economic stimulus policies, with the “Half-Half” scheme emerging as a viable option. There are considerations to expand its benefits beyond the traditional framework. Siripong highlighted that feedback from previous successful projects is being used to refine and improve current strategies.

In response to comparisons with the digital money distribution project, Siripong noted that social media feedback suggests the “Half-Half” project might be more effective. Though the financial investment in the scheme may not be extensive, public perception of money circulation is expected to be favorable.

The implementation of the project is anticipated to follow the policy statement with minimal adjustments. The focus will be on utilizing existing government systems rather than investing in new applications. Budget specifics are yet to be determined, as discussions are currently centered around the core principles. The finalized policy will await the Prime Minister’s directive.

Regarding the timeline for policy completion, Siripong mentioned the Prime Minister’s four-month window to finalize duties, emphasizing the urgency. Addressing speculation about the timing of the policy as an election strategy, Siripong clarified that the initiative is primarily aimed at addressing economic challenges.