Academic Backs 400B Baht Loan Decree for Global Crisis & Future Energy

MGR Online•Politics•3d ago

Reader Briefing

An academic supports the government's 400 billion baht loan decree as a proactive measure to address global crises and invest in future energy infrastructure.

•An academic, Asst. Prof. Dr. Chettha Saptyen, backs the government's executive decree to borrow 400 billion baht.
•The decree aims to manage global energy and economic crises and establish a foundation for future clean energy.
•Key aspects highlighted are transparency, effective fund utilization, and a focus on both immediate relief and long-term energy transition.

Overview

•Asst. Prof. Dr. Chettha Saptyen stated that the government's executive decree to borrow 400 billion baht is necessary to cope with global energy and economic crises.
•The decision is a policy move reflecting the government's attempt to stabilize the country amidst volatile global situations including energy prices and geopolitical tensions.
•The government chose to use proactive fiscal tools to support the economy and prepare the country's structure for the future, rather than letting impacts spread widely.
•The loan is designed to be disbursed incrementally based on the necessity of each project, avoiding the accumulation of large sums.
•The total amount for the borrowing decree is 400,000 million baht (400 billion baht).
•The borrowing will be conducted domestically to reduce exchange rate risks and reliance on foreign capital.
•The funds are allocated for two main objectives: mitigating the impact of global crises on citizens' cost of living and supporting the country's energy structure transition.
•Transparency in fund usage, real-time disclosure of project details (amounts, goals, responsible units), and disbursement tied to actual results are crucial for maximizing benefits and building public trust.

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Key Quotes

Asst. Prof. Dr. Chettha Saptyen

"“In a world where uncertainty is the norm, doing nothing may pose greater risks to the economic system. Therefore, the government must decide quickly and use adequate measures to support the country.”"

“ในโลกที่ความไม่แน่นอนกลายเป็นเรื่องปกติ การไม่ทำอะไรเลย อาจเสี่ยงต่อระบบเศรษฐกิจมากกว่า รัฐบาลจึงจำเป็นต้องตัดสินใจเร็ว และใช้มาตรการที่เพียงพอต่อการประคองประเทศ”

Asst. Prof. Dr. Chettha Saptyen

"“If the goals are achieved, this will not just be a short-term solution, but an opportunity to use the crisis for a significant restructuring of the Thai economy.”"

“หากดำเนินการได้ตามเป้าหมาย นี่จะไม่ใช่เพียงการแก้ปัญหาเฉพาะหน้า แต่คือการใช้วิกฤตเป็นจังหวะในการปรับโครงสร้างเศรษฐกิจไทยครั้งสำคัญ”

Asst. Prof. Dr. Chettha Saptyen

"“The key is not just borrowing, but managing the loans to maximize benefits for the country and its people.”"

“หัวใจสำคัญไม่ได้อยู่ที่การกู้เพียงอย่างเดียว แต่อยู่ที่การบริหารเงินกู้ให้เกิดประโยชน์สูงสุดต่อประเทศและประชาชน”

Key Entities

Person

Asst. Prof. Dr. Chettha Saptyen(ผศ.ดร.เชษฐา ทรัพย์เย็น)

An academic and lecturer from the Department of Urban Administration and Management, College of Effective Governance, Navamindradhiraj University, who supports the government's loan decree.

Organization

Navamindradhiraj University(มหาวิทยาลัยนวมินทราธิราช)

The university where Asst. Prof. Dr. Chettha Saptyen lectures.

Law

Executive Decree to Borrow 400 Billion Baht(พ.ร.ก.กู้เงิน 4 แสนล.)

A government executive decree authorizing the borrowing of 400 billion baht to address economic and energy crises and invest in future energy.