Election Commission rejects government's rice-pledging loan request | Bangkok Post: business

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EC rejects rice-pledging loan request

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  • Online news: News
  • Writer: Mongkol Bangprapa and Online Reporters
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The Election Commission on Tuesday resolved not to consider the caretaker government’s request that it be allowed to seek additional loans worth 130 billion baht to pay farmers owed money under the rice-pledging scheme, saying it has no authority to do so. 

The EC’s decision came after caretaker Deputy Prime Minister and Finance Minister Kittiratt Na-Ranong met the five election commissioners to clarify the government's plan to borrow money from financial institutions to pay farmers involved in the scheme. 

Many rice farmers are angry that payments for rice sold to government have been delayed, sparking protests across the country. Some have demanded that government pay up or return rice sold into the initiative.

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