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House passes Bt400bn loan decree

House passes Bt400bn loan decree

11 Sept 12:00 Key points summarised by AI
  • The House of Representatives approved a 400 billion baht borrowing decree by a vote of 285 to 141, with 52 abstentions.
  • Prime Minister Anutin Charnvirakul assured MPs that the cabinet would closely monitor the disbursement of the funds to ensure worthy and effective spending.
  • The Prime Minister clarified that the 400 billion baht loan is separate from the national budget and carries a 1.2% interest rate.
  • Opposition leader Abhisit Vejjajiva opposed the decree, citing concerns about its lack of urgency, potential to push public debt to 70% of GDP, and insufficient screening for funds allocated to clean energy transition.
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