Court accepts B2trln loan bill petition

The Constitution Court has accepted for consideration a petition that it rule on the legality of the two trillion baht loans bill, court spokesman Pimol Thampithakpong announced on Wednesday.

The Senate passed the bill in the third reading last month. 

The petition, filed by Democrat Party MPs before the House was dissolved, prevented the prime minister from submitting the bill for royal endorsement until a court ruling is made.

Mr Pimol said the court will now deliberate the bill's constitutionality, as requested.

The bill empowers the Finance Ministry to acquire loans for infrastructure development, particularly projects in the transport sector such as the planned high-speed train network.

Share your thoughts

Discussion 1 : 11/12/2013 at 06:46 PM
PT and 2tn loans? The saying about putting the fox in charge of the hen house comes to mind. Hopefully the court will see sense and throw it out.
Discussion 2 : 11/12/2013 at 05:50 PM
That's it...now it's the right time for the court to set the PT party once and for all before they drag the country down the poverty line. I(fthey can get through they will start using (misuse) the money for their election campaign..just get rid of the corrupted political party to save our beloved country before the younger generation will be in deep debts which will never end and the country will become a third world country ...
Discussion 3 : 11/12/2013 at 05:45 PM
this bail out loan,is due to the rice scam loss,with exports down graded from forecast by kiillratt at 15% to actual 2.5%,how on earth will they repay the massive loan,as there election in February,no doubt the cc will defer judgement until after,whilst the farmers still haven't been paid,wheres the money gone
Discussion 4 : 11/12/2013 at 03:17 PM
Let's hope this bill gets shelved for good. Not because Thailand doesn't need investment in infrastructure, it needs it badly, but because of the complete lack of oversight on the spending. Any spending bill that commits the country to repay such a large amount of debt over such a long period of time should be done under the outmost scrutiny. As it is, it looks like a way of getting an extraordinary amount of money to play with, without much care for those who will have to foot the bill (future governments and future generations)
Discussion 5 : 11/12/2013 at 02:59 PM
So now PT has enough money for next election ...

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