Royal Gazette Announces 400 Billion Baht Loan Decree, Effective Now

Prachachat•General•21d ago

Reader Briefing

Thailand enacts a 400 billion baht loan decree to address energy crisis impacts and promote energy transition.

•The Royal Gazette has published a royal decree authorizing the Ministry of Finance to borrow up to 400 billion baht.
•The funds are designated to mitigate the effects of the energy crisis and support the nation's energy transition.
•The decree is effective immediately upon its announcement in the Royal Gazette.

•The Royal Gazette published a royal decree authorizing the Ministry of Finance to borrow funds.
•The purpose of the loan is to address the impacts of the energy crisis and facilitate the nation's energy transition.
•The total borrowing limit is set at 400 billion baht.
•Loan or debt instrument signings must occur by September 30, 2027.
•The Ministry of Finance, with cabinet approval, is empowered to borrow foreign or domestic currency or issue debt instruments.
•Section 4 of the decree states this borrowing falls under Section 53 of the State Fiscal Discipline Act B.E. 2018.
•Funds are to be used for assisting citizens, farmers, and entrepreneurs affected by the energy crisis.
•A loan screening committee, chaired by the Permanent Secretary of Finance, will oversee fund utilization.

Full article content is available on the original source.

Royal Gazette(ราชกิจจานุเบกษา)ℹ️

Official publication body that announced the royal decree.

Ministry of Finance(กระทรวงการคลัง)ℹ️

The government ministry empowered to borrow funds and manage the loan decree.

Cabinet(คณะรัฐมนตรี)ℹ️

The body responsible for approving the loan and its utilization.

Loan Expenditure Screening Committee(คณะกรรมการกลั่นกรองการใช้จ่ายเงินกู้)

The committee tasked with screening and approving the use of borrowed funds.

Public Debt Management Office(สำนักงานบริหารหนี้สาธารณะ)

The office responsible for the technical and administrative work of the screening committee.

Parliament(รัฐสภา)ℹ️

The legislative body to which the Ministry of Finance will report on the borrowing.

400 Billion Baht Loan Decree(พ.ร.ก.กู้เงิน 4 แสนล้านบาท)

The royal decree authorizing the government to borrow 400 billion baht.

Constitution of the Kingdom of Thailand(รัฐธรรมนูญแห่งราชอาณาจักรไทย)ℹ️

The foundational law under which the royal decree was issued.

State Fiscal Discipline Act B.E. 2018(พระราชบัญญัติวินัยการเงินการคลังของรัฐ พ.ศ. 2018)

The law governing state financial discipline, referenced for the loan's legality.

His Majesty King Maha Vajiralongkorn(พระบาทสมเด็จพระปรเมนทรรามาธิบดีศรีสินทรมหาวชิราลงกรณ พระวชิรเกล้าเจ้าอยู่หัว)ℹ️

The King of Thailand who issued the royal decree.

Permanent Secretary of Finance(ปลัดกระทรวงการคลัง)

The chairman of the Loan Expenditure Screening Committee.