Thailand plans law to borrow B500bn and lift debt ceiling

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The Prime Minister has instructed the Legal Council to study the details of the Emergency Decree on Borrowing and Raising the Public Debt Ceiling in preparation for a potential severe crisis, but has not yet decided whether or not to borrow.

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The Prime Minister has instructed Ekniti Nitithanprapas and the Council of State to study the details of issuing an emergency decree to borrow money and raise the public debt ceiling. He revealed that a decision on whether to borrow or not has not yet been made, but it is being prepared in advance so that it can be done immediately if a crisis occurs. He also emphasized strict scrutiny of the qualifications of advisors to ministers. April 21, 20…