PM Signs 400 Billion Baht Loan Decree, Vows No Corruption, Benefits Citizens

Matichon•Politics•25d ago

Reader Briefing

Thai Prime Minister Anutin Charnvirakul has officially signed a decree authorizing a 400 billion baht government loan to address energy crisis impacts and facilitate energy transition, with assurances of strict oversight and direct benefit to citizens.

•Prime Minister Anutin Charnvirakul signed a government decree authorizing a 400 billion baht loan.
•The loan aims to mitigate impacts from the energy crisis and support the country's energy transition.
•The Prime Minister pledged strict oversight to prevent misuse and ensure funds benefit the public directly.
•The loan will provide liquidity to financial institutions and help reduce living costs for citizens.

Overview

•Prime Minister Anutin Charnvirakul signed the Decree authorizing the Ministry of Finance to borrow funds.
•The total loan amount authorized is 400,000 million Baht.
•The loan is intended to address the impacts from the energy crisis and facilitate the country's energy transition.
•Prime Minister Anutin Charnvirakul stated that he will personally oversee the loan to prevent misuse or leakage.
•Prime Minister Anutin Charnvirakul vowed that the funds would be used solely for the benefit of the people and without corruption.
•The Decree will be announced in the Royal Gazette, followed by the establishment of a project screening committee chaired by the Permanent Secretary of Finance.
•The borrowed funds are intended to disburse directly to citizens to reduce their cost of living and improve quality of life.
•Moody's had previously expressed concerns regarding Thailand's issuance of such loan decrees.

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Source: Matichon (Original)

Key Quotes

Anutin Charnvirakul

"I reiterate that I am the head of the government who just signed the decree. Therefore, I must oversee every single baht of this loan to prevent misuse or any leakage."

ผมขอเรียนย้ำว่าผมเป็นหัวหน้ารัฐบาลที่เพิ่งลงนามใน พ.ร.ก. เพราะฉะนั้นเงินกู้นี้ทุกบาททุกสตางค์ ผมต้องกำกับดูแลไม่ให้มีการใช้ผิดประเภท ไม่ให้มีการรั่วไหลใดๆเลย

Anutin Charnvirakul

"Therefore, for this 400 billion baht, I pledge that all of us, the cabinet, will closely monitor to ensure not a single satang is leaked."

เพราะฉะนั้น 400,000 ล้านบาทนี้ ขอให้คำมั่นสัญญาเลยว่า ผมและคณะรัฐมนตรีทุกท่านเฝ้าระวังอย่างใกล้ชิดไม่ให้หลุดไปแม้แต่สตางค์แดงเดียว

Anutin Charnvirakul

"There must be no collusion, and it is for the people only."

ต้องไม่มีเกี้ยเซียะและเพื่อประชาชนเท่านั้น

Key Entities

Person

Anutin Charnvirakul(นายอนุทิน ชาญวีรกูล)ℹ️

Prime Minister and Minister of Interior who signed the 400 billion baht loan decree and pledged to prevent its misuse.

Prime Minister(นายกรัฐมนตรี)ℹ️

The head of the Thai government, responsible for overseeing the implementation and use of the 400 billion baht loan.

Minister of Interior(รมว.มหาดไทย)

The ministerial role held by Anutin Charnvirakul, serving as Prime Minister.

Permanent Secretary of Finance(ปลัดกระทรวงการคลัง)

The permanent head of the Ministry of Finance, who will chair the project screening committee for the 400 billion baht loan.

Organization

Ministry of Finance(กระทรวงการคลัง)ℹ️

The government ministry responsible for managing the government's finances, including borrowing and overseeing the use of the 400 billion baht loan.

Royal Gazette(ราชกิจจานุเบกษา)ℹ️

The official publication where government decrees, laws, and announcements are published in Thailand.

Moody's(มูดีส์)ℹ️

A credit rating agency that has expressed concerns regarding Thailand's issuance of the 400 billion baht loan decree.

Law

400 Billion Baht Loan Decree(พ.ร.ก.กู้เงินฯ 4 แสนล้าน)

The emergency decree authorizing the Thai government to borrow 400 billion baht to address energy crisis impacts and facilitate energy transition.