Anuthit Vows 400 Billion Baht Loan Will Be Transparent and Traceable, Not a Single Satang Will Go Missing

Prime Minister Anuthit Charnveerakul made a firm commitment on May 6 at Government House that the 400 billion baht emergency loan will be handled transparently and remain fully traceable, with not a single satang going unaccounted for and no corruption involved. He stated that all projects funded through the loan will improve the quality of life for the public.

The Prime Minister announced he has already signed the Emergency Decree granting the Ministry of Finance authority to borrow funds to address the energy crisis and transition the country's energy sector. The decree will be published in the Royal Gazette, and a screening committee will be established to oversee projects, chaired by the Permanent Secretary of the Ministry of Finance. All incoming projects must be screened and comply with the decree's objectives.

Anuthit emphasized his personal responsibility as Prime Minister for every baht of the loan, stating he will closely supervise to prevent misuse or leakage of funds. "I promise that myself and the entire cabinet will vigilantly ensure not a single red satang escapes, not even a small leak, to ensure all funds serve their intended purpose. Everything must be transparent and verifiable, with absolutely no corruption," he said.

When asked about credit rating agency Moody's concerns regarding the loan decree, the Prime Minister explained that the government's real burden is the loan interest, which is very low since Thailand is borrowing in baht only, eliminating any currency exchange risk. He added that the loan will provide liquidity to financial institutions and directly benefit citizens by reducing their cost of living and improving their quality of life, rather than funding long-term infrastructure projects that would take 5-7 years to see results.