Thailand opposition seeks court ruling on $12 billion borrowing plan
Updated
Updated · Bloomberg · May 11
Thailand opposition seeks court ruling on $12 billion borrowing plan
10 articles · Updated · Bloomberg · May 11
Prime Minister Anutin Charnvirakul's weekend emergency decree lets the Finance Ministry raise 400 billion baht for relief measures amid fallout from the Middle East conflict.
The borrowing would fund cash handouts for about 30 million people and support farmers, fisherfolk and small businesses struggling with soaring energy costs.
The government also plans to allocate 200 billion baht to speed Thailand's shift from fossil fuels to renewable energy while the legal challenge tests the decree's validity.
Can a $12 billion emergency loan solve Thailand’s crisis or will it just deepen the debt?
With renewables now cheaper, why is Thailand risking billions on new fossil fuel infrastructure?