Thai Cabinet Approves $12.2 Billion Emergency Borrowing Decree, PM Says ...
- The Thai cabinet approved a draft emergency decree to borrow up to 400 billion baht to cushion economic impacts from the global energy crisis and support the shift to clean energy.
- Prime Minister Anutin Charnvirakul stated that the borrowing addresses price pressures caused by the Middle East conflict, which has disrupted energy and food markets, increasing living costs nationwide.
- The loan will fund immediate relief for farmers, small businesses, and low- to middle-income citizens, as well as long-term projects to reduce fossil fuel use and promote renewable energy and innovation.
- The decree will be submitted to parliament for approval and will be closely monitored; officials said the national debt will remain below the legal limit of 70% of GDP despite the borrowing.
19 Articles
19 Articles
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.
Coverage Details
Bias Distribution
- 56% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
