Thai PBS Thai PBS
Thai parliament approves 500 billion baht borrowing to fight COVID-19

Thai parliament approves 500 billion baht borrowing to fight COVID-19

13 Sept 11:10 Key points summarised by AI
  • Thailand's House of Representatives approved a 500 billion baht executive decree, authorizing the Finance Ministry to borrow funds for COVID-19 efforts, public assistance, and economic rehabilitation.
  • The loan is specifically allocated: 30 billion baht for public health, 300 billion baht for people affected by the pandemic, and 170 billion baht for business rehabilitation.
  • The Finance Minister defended the borrowing as essential for economic stimulus amid the pandemic, acknowledging concerns over public debt but suggesting a re-evaluation of the current borrowing limit.
  • An opposition MP strongly criticized the government's handling of the pandemic and vaccine management, arguing the 500 billion baht should exclusively target contagion control, not broader economic rehabilitation projects.
Read full article
Politics 1/2
Skip > Skip >