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Opposition leader describes three loan decrees as a blank cheque

Opposition leader describes three loan decrees as a blank cheque

21 Sept 05:34 Key points summarised by AI
  • Opposition leader Sompong Amornvivat condemned the government's three public borrowing decrees as a "blank cheque," alleging a critical lack of proper screening and oversight for the proposed 1 trillion baht expenditure.
  • Sompong specifically targeted the 400 billion baht allocated for economic rehabilitation, revealing its pre-parliamentary distribution to ministries, raising transparency concerns.
  • Further criticisms included the anticipated bias in SME soft loans towards trusted businesses, and warnings from Pheu Thai's secretary-general about Thailand's escalating public debt, potentially requiring 90 years to repay.
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