Pharadon on Loan Decree and Thai Chuay Thai Plus Phase 2

Matichon•Politics•1d ago

Reader Briefing

Pharadon Pritsananantakul stated that the emergency loan decree does not prohibit using the second 200 billion baht funding tranche for the Thai Chuay Thai Plus Phase 2 project.

•Pharadon Pritsananantakul discussed the potential extension of Thai Chuay Thai Plus Phase 2 on September 15.
•The Ministry of Finance is currently considering the details and appropriateness of extending the project.
•The emergency loan decree does not explicitly forbid the use of the second 200 billion baht loan tranche for this purpose.

Overview

•Pharadon Pritsananantakul spoke at the Government House at 09:25 on September 15.
•The Ministry of Finance is evaluating whether the current situation is appropriate for the extension of Thai Chuay Thai Plus Phase 2.
•Ekniti Nitithanprapas and the economic team are assessing the situation to determine the project's suitability.
•If deemed appropriate, the Ministry of Finance will submit the matter to the screening committee for loan expenditure under the emergency decree.
•Following committee approval, the matter will be presented to the Cabinet.
•Pharadon Pritsananantakul mentioned that 40-50 billion baht remains from the first funding tranche.
•Pharadon Pritsananantakul stated that the first tranche of funds has not yet been fully exhausted.
•Pharadon Pritsananantakal confirmed that the emergency loan decree does not contain a prohibition against using the second 200 billion baht loan tranche.

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Key Entities

Person

Pharadon Pritsananantakul(ภราดร ปริศนานันทกุล)

Minister attached to the Prime Minister's Office.

Ekniti Nitithanprapas(เอกนิติ นิติทัณฑ์ประภาศ)ℹ️

Deputy Prime Minister and Minister of Finance.

Organization

Ministry of Finance(กระทรวงการคลัง)ℹ️

The government body responsible for considering the details of the Thai Chuay Thai Plus Phase 2 extension.

Cabinet(คณะรัฐมนตรี)

The body that will review the matter after the screening committee's approval.

Place

Government House(ทำเนียบรัฐบาล)ℹ️

The location where Pharadon Pritsananantakul gave his statements.

Policy

Thai Chuay Thai Plus Phase 2(ไทยช่วยไทยพลัส เฟส 2)

A project currently being considered for an extension by the Ministry of Finance.

Law

Emergency Loan Decree(พ.ร.ก.กู้เงิน)

A decree empowering the Ministry of Finance to borrow money to solve energy crisis impacts and create energy transition.