Court: Executive decrees constitutional
The Constitution Court on Wednesday afternoon ruled that the two cabinet executive financial decrees challenged by opposition MPs and senators are constitutional.
- Published: 22/02/2012 at 02:58 PM
- Newspaper section: breakingnews
One of the executive decrees allows the government to seek 350 billion baht in loans for water management projects and flood rehabilitation work.
The other allows the Ministry of Finance to transfer the full responsibility for the 1.14 trillion baht in bailout debt from the 1997/98 financial crisis to the Bank of Thailand's Financial Institutions Development Fund.
The Constitution Court earlier accepted for hearing petitions filed by 128 Democrat MPs and a number of senators asking that it rule on the constitutionality of the two decrees.
The court said its decision was unanimous. All nine judges agreed the decrees were legal.The decrees were issued in the interests and security of the country and could not be avoided, the court ruled.
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