Thai parliament passes bill on $16 billion borrowing to fight COVID-19

[webfact]

The giant Buddha statue of Wat Paknam Phasi Charoen temple is seen at the end of an avenue amid the coronavirus disease (COVID-19) outbreak in Bangkok, Thailand, June 9, 2021. REUTERS/Jorge Silva

 

BANGKOK (Reuters) - Thailand's parliament on Thursday passed a bill to allow the government to borrow an additional 500 billion baht ($16 billion) to help the tourism-reliant country deal with its latest and worst coronavirus outbreak so far.

 

The bill passed with 270 votes in favour from a total of 469 members of parliament present.

 

($1 = 31.12 baht)

 

(Reporting by Orathai Sriring and Satawasin Staporncharnchai; Editing by Ed Davies)

 

-- © Copyright Reuters 2021-06-10

 

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[RichardColeman]

Great photo - I can see at least 4 accidents and potential deaths about to happen in it !

[trainman34014]

Half of it will be used to refill the trough !

[daveAustin]

30 minutes ago, webfact said:

passed a bill to allow the government to

... buy a new sub. 
 

sorry couldn’t help it. 

[tomazbodner]

34 minutes ago, daveAustin said:

... buy a new sub. 
 

sorry couldn’t help it. 

6" or footlong?

[Soikhaonoiken]

The Government is running Thailand into further debt, & the danger of the economy to collapse..... 

[sammieuk1]

Who is the accountant? who is the can carrier after the usual disbursements? and what's the court date and verdict ????   

[ukrules]

Where is the 'money' coming from?

[Sydebolle]

500 billion baht additionally?

Anutin already burnt THB 300 billion for the Covid-19 exercise - as per media reporting, which makes it THB 4'200/person in the Kingdom. 

So, after submarines, tanks and other little toys for the big boys in all of them, now move on the the big doctors in all of them. 

This country really has the government it deserves. Nobody ever thought how this increase debt will be paid. Printing money as if there is no tomorrow is not the final answer - the writing is on the wall! 

[bangon04]

13 hours ago, Soikhaonoiken said:

The Government is running Thailand into further debt, & the danger of the economy to collapse..... 

The CCP will ride to the rescue........  rubbing their hands with smugness