Royal Decree for 400 Billion Baht Energy Crisis Loan Approved

Thairath•Politics•21d ago

Reader Briefing

Thailand has enacted a royal decree authorizing the Ministry of Finance to borrow up to 400 billion baht to mitigate the effects of the energy crisis and facilitate an energy transition.

•A royal decree has been issued authorizing the Ministry of Finance to borrow up to 400 billion baht.
•The funds are intended to address the impacts of the energy crisis and support the country's energy transition.
•The decree was signed by His Majesty King Maha Vajiralongkorn and published in the Royal Gazette.

Overview

•On May 9, 2026, the Royal Gazette published a Royal Decree authorizing the Ministry of Finance to borrow money to resolve the impacts of the energy crisis and create an energy transition for the nation.
•The decree was given on May 4, 2026, in the 11th year of the current reign.
•The total borrowing amount authorized by the Royal Decree is not to exceed four hundred billion baht.
•The Ministry of Finance, with Cabinet approval, is authorized to borrow in Thai or foreign currency, or issue debt instruments in the name of the Thai government.
•Loan agreements or debt instrument issuances must be signed by September 30, 2027, in order to be valid.
•The purpose of the borrowing is to resolve the impacts of the energy crisis on the public, farmers, and entrepreneurs, maintain economic stability, and create an efficient energy transition.
•Funds will be used to assist those affected by the energy crisis and to promote efficient energy use and the transition to alternative energy technologies.
•The borrowing falls under Section 53 of the State Financial Discipline Act B.E. 2018.

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Key Entities

Law

Royal Decree(พระราชกำหนด)

A legal instrument authorizing the Ministry of Finance to borrow funds to address the energy crisis.

Constitution of the Kingdom of Thailand(รัฐธรรมนูญแห่งราชอาณาจักรไทย)

The legal foundation upon which the Royal Decree is based (Article 172).

Organization

Ministry of Finance(กระทรวงการคลัง)ℹ️

The government ministry authorized to borrow funds under the Royal Decree.

Royal Gazette(ราชกิจจานุเบกษา)ℹ️

The official publication where the Royal Decree was disseminated.

Cabinet(คณะรัฐมนตรี)ℹ️

The approving body for the Ministry of Finance's borrowing and expenditure plans.

Person

His Majesty King Maha Vajiralongkorn(พระบาทสมเด็จพระปรเมนทรรามาธิบดีศรีสินทรมหาวชิราลงกรณ พระวชิรเกล้าเจ้าอยู่หัว)ℹ️

The reigning monarch of Thailand who issued the Royal Decree.