Bangkok Post
Lawmakers back B400bn loan panel
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Opposition and coalition lawmakers are backing the creation of a special parliamentary committee to oversee spending under the government's 400-billion-baht emergency borrowing decree, although sharp disagreements remain over whether the loan is justified.
Key facts
- Opposition and coalition lawmakers are backing the creation of a special parliamentary committee to oversee spending under the government's 400-billion-baht emergency borrowing decree, although sharp disagreements remain over whether the
- The agreement follows a House debate on motions seeking to establish a special committee to scrutinise spending under the emergency decree, which authorises the Finance Ministry to borrow 400 billion baht to address the impact of the
- He also noted that the government's cash balance stood at nearly 300 billion baht at the end of April, while the economy grew by 2.8% in the latest quarter, surpassing expectations.
- He questioned the allocation of 18 billion baht under the fund to the State Welfare Fund, arguing that the government had sufficient time to provide funding through the 2027 fiscal budget rather than relying on emergency borrowing.
Summary
The agreement follows a House debate on motions seeking to establish a special committee to scrutinise spending under the emergency decree, which authorises the Finance Ministry to borrow 400 billion baht to address the impact of the energy crisis and support the country's energy transition.
Opening the debate, Natthaphong Ruengpanyawut, leader of the opposition People's Party and its party list MP, accused the government of using the decree to bypass House scrutiny.