| Thai Govt needs Bt400 bln loans |
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| Sunday,May 31,2009 Posted: 13:41 BJT(0541 GMT) |
| From:Bangkok Post Article type:Redistributed |
The government would quickly ask for the Senate's and MPs' approval on the draft executive decree authorising the Finance Ministry to borrow 400 billion baht if the Constitution Court rules that it is constitutional, Prime Minister Abhisit Vejjajiva said.
He said on the 'Having Confidence in Thailand with Prime Minister Abhisit' show which was pre-recorded on Saturday that the government would hold an extraordinary parliarmentary session in mid-June if the court rules in favour of the proposed loan decree on Wednesday.
He said the potential 400 billion baht in loans would be used for strengthening the economy and investing in urgent projects such as double rail tracks and irrigation projects.
Business competitiveness would also be enhanced, he said.
He said the government would use its money to create jobs for 1.5 million to two million people, and believed the Thai economy would recover quickly.
He said the government had worked for five months and the top three issues it must address were eradicating narcotics, solving the southern unrest and suppressing corruption.
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