Thai PBS Thai PBS
Trillion baht loan not needed had there not been a COVID-19 pandemic – PM

Trillion baht loan not needed had there not been a COVID-19 pandemic – PM

13 Sept 10:18 Key points summarised by AI
  • Prime Minister Prayut Chan-o-cha defended his government's decision to borrow 1 trillion baht, attributing the necessity directly to the COVID-19 pandemic rather than economic mismanagement.
  • He clarified that only 1 trillion baht constituted new borrowing, with the remaining 900 billion baht originating from Bank of Thailand reserves, and noted prior economic impacts from the US-China trade war.
  • Opposition MP Mingkwan Saengsuwan countered, accusing the government of gross economic mismanagement and ineffective COVID-19 response, demanding a special House panel to ensure transparent and effective spending of the borrowed funds.
Read full article
Politics 1/2
Skip > Skip >