Thailand approves $12 billion debt plan over Middle East conflict fallout

7 articles · Updated · Bloomberg · May 5

Prime Minister Anutin Charnvirakul said the cabinet backed an emergency decree to raise 400 billion baht for farmers, low-income households and small businesses.
The government said higher spending would help prevent stagflation as an energy shock linked to the conflict pushes up food prices and living costs.
The package also aims to speed Thailand's shift away from fossil fuels while cushioning the wider economy from imported inflation and weaker growth.

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