PM Thanks Court, Uses Loan Decree for Economy & Energy Costs

Prachachat•Politics•17d ago

Reader Briefing

The Prime Minister expressed gratitude to the Constitutional Court for ruling that the emergency decree allowing the government to borrow funds for economic stimulus and energy transition is constitutional.

•The Prime Minister thanked the Constitutional Court for its swift ruling on the loan decree.
•The government will utilize the borrowed funds for economic stimulus and energy cost reduction.
•The borrowed funds will be managed carefully to ensure maximum value for the public.

Overview

•Prime Minister Anutin Charnvirakul thanked the Constitutional Court judges for expediting the ruling on the emergency decree.
•Anutin Charnvirakul affirmed that the government will use every baht of the borrowed money for maximum public benefit.
•The Constitutional Court ruled that the emergency decree authorizing the Ministry of Finance to borrow money to address impacts from the energy crisis and promote energy transition is constitutional.
•The interest rate for the borrowed funds was negotiated by the Ministry of Finance to be as low as 1.2%.
•The government plans to use the borrowed funds for energy restructuring, aiming to reduce electricity costs for the public.
•Energy restructuring is expected to decrease electricity expenses for citizens.
•The loan decree is intended to stimulate the economy and create a multiplier effect through increased spending.
•The increased economic circulation is expected to lead to higher tax collection from various sources.

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Source: Prachachat (Original)

Key Quotes

Anutin Charnvirakul

"Thank you to all the Constitutional Court judges for expediting the ruling on the said decree. The government will be confident in using every baht and satang for the maximum benefit of the people."

ขอบพระคุณตุลาการศาลรัฐธรรมนูญทุกคนที่ให้ความกรุณาเร่งคำวินิจฉัยของ พ.ร.ก.ดังกล่าวด้วยความรวดเร็ว รัฐบาลจะได้มีความมั่นใจว่าจะใช้เงินทุกบาททุกสตางค์ให้เกิดความคุ้มค่าสูงสุดให้กับประชาชน

Anutin Charnvirakul

"We watch every baht and satang because the name itself indicates it's borrowed money, not budget money. Therefore, every baht must be spent valuably."

เรานั่งเฝ้าเงินทุกบาททุกสตางค์ เพราะชื่อก็บอกอยู่แล้วว่า เงินกู้ไม่ใช่เงินงบประมาณ ดังนั้น ต้องใช้เงินทุกบาททุกสตางค์ให้คุ้มค่า

Key Entities

Person

Prime Minister(นายกฯ)ℹ️

The Prime Minister of Thailand who commented on the Constitutional Court's ruling and the use of borrowed funds.

Anutin Charnvirakul(นายอนุทิน ชาญวีรกูล)ℹ️

The current Prime Minister and Minister of Interior who provided commentary on the ruling.

Organization

Constitutional Court(ศาลรัฐธรรมนูญ)ℹ️

The judicial body that ruled on the constitutionality of the emergency loan decree.

Ministry of Finance(กระทรวงการคลัง)ℹ️

The governmental body responsible for negotiating the terms of the borrowed funds, including interest rates.

Law

Emergency Decree on Borrowing(พ.ร.ก. กู้เงินฯ)

The emergency decree that authorizes the Ministry of Finance to borrow funds for economic stimulus and energy transition.