Loan decree needs to be transparent
A former finance minister on Monday submitted a petition to the Supreme Admin Court asking it to revoke cabinet approval for a 700-billion-baht loan to combat the kingdom’s public health crisis.
The cabinet recently approved the draft of an executive decree authorising the government to borrow an additional 700 billion baht to revitalise the economy battered by the latest wave of Covid-19 infections.
Thirachai Phuvanatnaranubala, who was finance minister from 2011 to 2012, said he does not object to the borrowing plan, which is essential in getting the economy back on track. However, he said the loan decree is deemed illegitimate and unconstitutional.
Bangkok Post Reporter
