By Thai Newsroom Reporters THE CONSTITUTIONALITY of an executive decree recently approved by the Bhumjaithai-led government to raise 400 billion baht in borrowed funding for economic salvage measures will likely be judged by the Constitutional Court. Deputy People’s leader Sirikanya Tansakun said today (May 6) opposition lawmakers were contemplating petitioning the Constitutional Court to
Tag: borrowing
Cabinet approves 400-billion-baht emergency borrowing decree, PM says
By Reuters and published by CNA THE cabinet today (May 5) approved an emergency decree to borrow 400 billion baht ($12.2 billion) to alleviate cost of living pressures and support energy costs, Prime Minister Anutin Charnvirakul said. – The borrowing is necessary because higher energy prices will impact everyone, Finance Minister Ekniti Nitithanprapas said.
Read morePeople’s MP warns borrowing additional 500 billion baht increases fiscal risks
SHOULD the government issue an emergency decree to borrow an additional 500 billion baht Thailand’s debt-to-GDP ratio would rise to 75 percent and thereby increasing fiscal risks, People’s MP for Bangkok Dr. Anusorn Tamajai said today (April 20). The government also has to guarantee an additional 150 billion baht for the Oil Fuel Fund
Read moreFormer finance minister warns against borrowing 500bn baht to stimulate the economy
AMID a move to borrow 500 billion baht to stimulate the economy in face of US tariff crisis, a former finance minister warned the government to stop selling dreams of turning a crisis into an opportunity, Naewna newspaper said today (Apr. 29). Mr. Thirachai Phuvanatnaranubala, former finance minister and deputy leader of Palang Pracharath
Read moreGovt urged to reveal details of BAAC borrowing for digital wallet scheme
By Thai Newsroom Reporters THE GOVERNMENT WAS TODAY (Apr. 12) pressed to tell how long a sum of 172.3 billion baht in planned borrowing from the Bank for Agriculture & Agricultural Cooperatives (BAAC) to finance in part their 10,000-baht digital wallet project could be completely repaid. Move Forward MP Sirikanya Tansakun said the Pheu
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