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Former Finance Minister petitions to revoke approval of government’s 700-billion-baht loan


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A former politician, who served as Finance Minister from 2011 to 2012, is petitioning the Supreme Admin Court to revoke approval for the government’s 700-billion-baht loan. Cabinet recently approved an executive decree that allows the government to borrow the funds, in order to restore Thailand’s decimated economy and combat the Covid-19 crisis. Thirachai Phuvanatnaranubala says he doesn’t object to getting the economy going again, but says the loan decree itself is unconstitutional and illegitimate. “We aren’t opposed to the borrowing because we are aware of people’s plight, and the country needs money to combat the pandemic. But we have to […]

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