Government to submit explanatory documents within seven days
Thai baht banknotes and coins. (Deposit Protection Agency photo)
Thailand's Constitutional Court on Monday accepted a petition from the parliamentary opposition challenging the legality of a government emergency decree to borrow 400 billion baht (US$12.26 billion) to support the economy amid the fallout from the Middle East conflict.The court in a statement said it has instructed the government to submit explanatory documents within seven days.
The government approved the loan decree earlier this month, with half of the borrowing for mitigating the cost of living, largely through a consumer subsidy scheme, and the other half for supporting a transition to clean energy.
Finance Minister Ekniti Nitithanprapas earlier said the decree remains in effect and can still move forward.
