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Decree allows Thai Finance Ministry to guarantee loan for oil fund

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The decree enables the Finance Ministry to guarantee a loan for the Oil Fuel Fund with a ceiling of 150 billion baht.

The executive decree was proposed by Energy Minister Supattanapong Punmeechaow, a source from the Cabinet meeting said.

Wissanu said the decree would later be sent to the Council of State for scrutiny before it would be sent to the House of Representatives for endorsement. Supattanapong reported that the fund has accumulated a deficit of 177.394 billion baht as of Aug 14 -- 76.518 billion baht oil subsidy deficit and 40.876 billion baht for LPG gas subsidy deficit.

 

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