News Formal

Decree allows Thai Finance Ministry to guarantee loan for oil fund

  • 📰 staronline
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 75%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Finance Ministry welcomes feedback on subsidy programmeMaking annual budget preparation process more transparent, ministry says.
Source: malaysiakini - 🏆 20. / 51 Read more »