Mar 5, 2013

Thai government plan to take a 2.2 trillion Baht loan

A former Finance Minister has criticized the attempt by the government of Yingluck Shinawatra to issue a 50 year bond of 2.2 trillion Baht for infrastructure development projects. This might be under a special law to be passed through the Puea Thai party-dominated parliament, and not through the regular annual budget laws which means a lack of check and balance system and prone to recklessness.

Ref: Manager News

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