Thai PM defends one trillion baht loan decree in parliament

14 Sept 00:42 Key points summarised by AI

Thai Prime Minister Prayut Chan-o-cha defended a 1 trillion baht loan decree in parliament, asserting its critical role in cushioning COVID-19's economic impact and rebuilding international confidence.
He highlighted the urgent need due to an 18% economic contraction in Q1, particularly in tourism, and the inadequacy of the current budget to address the severe crisis.
Prayut assured MPs of strict fiscal discipline and transparency, stating the loan is capped at 1 trillion baht (57.96% of GDP, within the 60% limit) and funds will primarily be sourced domestically.
The government also issued two additional decrees: one enabling the Bank of Thailand to provide soft loans to private enterprises and another establishing a 400 billion baht bond stabilization fund.

Civic groups oppose plan to shift Thai PBS, three other bodies to state budget

Today 17:04 Key points summarised by AI

Civic groups, including those representing labourers and older people, submitted a protest letter demanding the Bhumjaithai Party withdraw bills to shift funding for four organizations (Thai PBS, Older Persons Fund, Thai Health Promotion Foundation, Sports Authority of Thailand) from earmarked taxes to the central government budget.
Leaders argue these organizations were established for public interest, supporting public service media, elder care, public health, and sports development, and any amendments should consider all stakeholders' views.
Over 70% of parliamentary poll respondents opposed the proposed changes, prompting civic leaders to call on the ruling party to respect the people's will and withdraw the bills.
A network of slum dwellers also opposes the funding changes, threatening a rally if the government fails to address their demands.