Thai Court to Rule on $12 Billion Crisis Borrowing, Testing 400 Billion Baht Decree
Updated
Updated · Bloomberg · Jul 9
Thai Court to Rule on $12 Billion Crisis Borrowing, Testing 400 Billion Baht Decree
3 articles · Updated · Bloomberg · Jul 9
Summary
Bangkok’s Constitutional Court is due at 9 a.m. local time to decide whether the government can legally use a 400 billion baht ($11.95 billion) emergency loan decree approved earlier this year.
Opposition lawmakers triggered the case by arguing that spending tied to Thailand’s longer-term energy transition does not meet the legal standard for an emergency measure.
The ruling is pivotal for Prime Minister Anutin Charnvirakul because the borrowing underpins his flagship economic stimulus plans as well as the energy-transition agenda bundled into the decree.