Monday, May 18, 2009

Economics

Kobsak: Loan-decree ruling crucial
By: BangkokPost.com
Published: 19/05/2009 at 10:41 AM
Any decision by the Constitution Court to overrule the executive decree authorising the government to seek 400 billion baht in loans for urgent projects could have a serious effect on the country's economic recovery, Deputy Prime Minister Kobsak Sabhavasu warned on Tuesday.

Mr Kobsak, who oversees economic affairs, said if the court decides the decree is in violation of the constitution the government would have to draft a new decree urgently.

Such a ruling may affect the government's ability to address economic issues, he said, and may deter investors interested in doing businesses in the country.

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