Off-budget financing of Bt2tr loan bill can't be justified | Bangkok Post: opinion

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Off-budget financing of Bt2tr loan bill can't be justified

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Parliament has just completed debating the so-called 2-trillion-baht bill. It is the largest single amount of borrowing by any previous Thai government, and certainly one of the most controversial. 

The government intends to use the loan proceeds to finance transport infrastructure, particularly the rail network, which has suffered from woeful under-investment for decades. The need for investment in infrastructure is not questioned. Indeed, all the plans that make up the 2-trillion-baht package were initiated by previous governments, whether the mass transit system in Bangkok, the double-track railways or even the high-speed trains.

What then has all the fuss been about?

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