PM Thanks Constitutional Court on Money-Borrowing Decree Ruling, Vows Value

Matichon•Politics•16d ago

Reader Briefing

Thai Prime Minister Anutin Charnvirakul expressed gratitude to the Constitutional Court for deeming the government's money-borrowing decree constitutional, pledging fiscal responsibility in its expenditure.

•Prime Minister Anutin Charnvirakul thanked the Constitutional Court after it ruled the money-borrowing decree constitutional.
•The ruling allows the government to proceed with borrowing funds to address energy crisis impacts and promote energy transition.
•Anutin emphasized that all borrowed funds will be meticulously managed and spent to maximize public benefit, citing low interest rates as an advantage.

Overview

•On July 9, at 17:15 local time in Kuala Lumpur (one hour ahead of Thailand), Prime Minister Anutin Charnvirakul commented on the Constitutional Court's ruling concerning the money-borrowing decree.
•Prime Minister Anutin Charnvirakul thanked the judges of the Constitutional Court for expediting their ruling on the money-borrowing decree.
•Prime Minister Anutin Charnvirakul stated the government will be confident in using every single baht of borrowed funds to achieve maximum value for the people.
•The money-borrowing decree aims to address the impact of the energy crisis and promote the country's energy transition.
•The Constitutional Court ruled that the money-borrowing decree is not unconstitutional.
•The interest rate negotiated for the loans is reportedly as low as 1.2%.
•The borrowed funds are intended to be used for energy restructuring, potentially leading to reduced electricity costs for the public.
•The government aims to create added value and economic circulation through the expenditure of borrowed funds, resulting in increased tax revenue.

Full article content is available on the original source.

Read on Matichon (Thai Version)View in Google Translate

Source: Matichon (Original)

Key Quotes

Anutin Charnvirakul

"Thank you to all judges of the Constitutional Court for graciously expediting the ruling on this decree. The government will be confident in using every single baht to achieve maximum value for the people."

ขอบพระคุณตุลาการศาลรัฐธรรมนูญทุกคน ที่ให้ความกรุณาเร่งคำวินิจฉัยของ พ.ร.ก.ดังกล่าวด้วยความรวดเร็ว รัฐบาลจะได้มีความมั่นใจว่าจะใช้เงินทุกบาททุกสตางค์ ให้เกิดความคุ้มค่าสูงสุดให้กับประชาชน

Anutin Charnvirakul

"We are watching every single baht because the name itself says it's loan money, not budgetary funds. Therefore, every baht must be used cost-effectively."

เรานั่งเฝ้าเงินทุกบาททุกสตางค์ เพราะชื่อก็บอกอยู่แล้วว่า เงินกู้ไม่ใช่เงินงบประมาณ ดังนั้น ต้องใช้เงินทุกบาททุกสตางค์ให้คุ้มค่า

Key Entities

Person

Prime Minister(นายกฯ)

The head of the Thai government who commented on the Constitutional Court's ruling and financial matters.

Anutin Charnvirakul(อนุทิน ชาญวีรกูล)ℹ️

The Prime Minister and Minister of Interior, who provided comments on the Constitutional Court's ruling and the government's fiscal plans.

Organization

Constitutional Court Judges(ตุลาการรธน.)ℹ️

The judicial body that ruled on the constitutionality of the government's money-borrowing decree.

Ministry of Finance(กระทรวงการคลัง)ℹ️

The government ministry authorized to borrow money under the specific decree discussed in the article.

Law

Money-Borrowing Decree(พ.ร.ก.กู้เงิน)

The government decree authorizing the ministry of finance to borrow money to address the energy crisis and promote energy transition.

Place

Kuala Lumpur(กรุงกัวลาลัมเปอร์)ℹ️

The capital city of Malaysia where the Prime Minister made statements.