Thai Cabinet Approves $12.2 Billion Emergency Borrowing Decree, PM Says ...
- The Thai Cabinet approved an emergency decree to borrow 400 billion baht to address the energy crisis and support economic relief, Prime Minister Anutin Charnvirakul said.
- The borrowing aims to aid over 20 million low-income people, farmers, and small businesses to reduce living and production costs and support a transition from fossil fuels to renewable energy, according to Finance Minister Ekniti Nitithanprapas.
- The government expects that this borrowing will prevent Thailand's economy from sliding into stagflation and keep public debt below the 70% of GDP ceiling, with debt forecasted to rise to about 69% GDP but remaining manageable.
- The emergency decree will be presented to parliament for approval, with a monitoring panel established to oversee the allocation and use of funds, as stated by officials from the Prime Minister's Office.
19 Articles
19 Articles
Thai cabinet approves $12.2 billion emergency borrowing decree, PM says ...
Malay Mail
AlKhaleej TodayEmergency loan plan: Anutin says Thailand to borrow 400b baht as stagflation fears mount
BANGKOK, May 5 — Thai Prime Minister Anutin Charnvirakul said on Tuesday that the Cabinet has approved a draft emergency decree to borrow up to 400 billion baht (about RM48.5 billion), aimed at cushioning economic impacts from the global energy crisis and accelerating the country's transition towards clean energy, reported Xinhua.Speaking at a press conference, Anutin said the decision was driven by the ongoing West Asia conflict, which has disr…
Thai cabinet approves emergency loan decree to address energy crisis, fund green transition
Thai Cabinet approves emergency loan decree for energy crisis, green transition
BANGKOK: (Bernama-Xinhua) Thai Prime Minister Anutin Charnvirakul said on Tuesday (May 5) that the Cabinet has approved a draft emergency decree to borrow up to 400 billion baht (about US$12.2 billion), aimed at cushioning economic impacts from the global energy crisis and accelerating the country's transition towards clean energy, reported Xinhua.
Thailand Eyes $12 Billion in Debt to Cushion Mideast Crisis
(Bloomberg) — Thailand’s government plans to raise 400 billion baht ($12 billion) in new debt to support farmers, low-income households, and small businesses affected by the fallout from the Middle East conflict, while accelerating the country’s shift away from fossil fuels.
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