Executive Decree might hit a hurdle
The executive decree seeking a 400 Billion Baht loan would hit a roadblock if it would be sent to the constitution court for legitimacy ruling – a move which would jeopardize Thai government’s efforts to bring back economy on the track. Ninety six MP’s from the opposition party have petitioned the constitution court to run a constitution check on the bill.
The petition was submitted to the house speaker Chai Chidchob who would determine if it fits the submission requirements. If Mr Chai decides to forward the petition, then the decree would be put on hold pending decision by the constitution court.
The prime minister was confident that the decree would clear the court and become a reality. He added that such a decree allowing the government to procure foreign loans would add a great boost to the recession hit economy. He added that the government plans to procure additional 400 billion Baht for investing in non-urgent projects under the stimulus plan.
In a related development, Deputy Prime Minister Suthep Thaugsuban added that there were no plans for cabinet reshuffle especially those under the Democrat party like Foreign Minister Kasit Piromya and Deputy Prime Minister Kobsak Sabhavasu. He stressed that these ministers were performing the duties up to their capabilities and there was no need for any change.