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Thailand’s 400B Baht Borrowing Sparks Debate | Thailand News
Thailand’s government just cleared a major fiscal move—approving 400 billion baht in emergency borrowing—with a solid but not unanimous vote. The PM pledged oversight, stressing this isn’t part of the regular budget and carries a low 1.2% interest rate. He also thanked finance officials for addressing opposition concerns and promised to consider their input. But critics argue it’s unnecessary, bypasses parliamentary process, and won’t solve core issues like soaring living costs or energy prices. Major worries include hitting Thailand’s 70% GDP debt ceiling and missteps in clean energy…
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