Court: Financial decrees constitutional
- Published: 22/02/2012 at 05:59 PM
- Online news: Local News
The Constitution Court on Wednesday ruled that two executive decrees related to water management and post-flood rehabilitation and debt management issued by the cabinet do not violate the constitution.
One decree authorised the government to seek 350 billion baht in loans to finance water management projects and flood rehabilitation work.
The other required the Finance Ministry to transfer full repayment responsibility for 1.14 trillion baht of bailout debt accrued from the 1997/98 financial crisis from the Finance Ministry to the Financial Institutions Development Fund, which is under the Bank of Thailand.
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About the author
- Writer: Online Reporters
- Position: Online Reporters
