Latest News:  
Beijing   Overcast/Sunny    7 / -2   City Forecast

People's Daily Online>>World

Thai court to decide on contentious water management decrees

(Xinhua)

14:37, February 22, 2012

BANGKOK, Feb. 22 (Xinhua) -- Thailand's Constitution Court is scheduled to rule Wednesday on the constitutionality of two controversial executive decrees regarding water management proposed by the government as part of the flood prevention plan.

One of the decrees is intended to allow the government to seek 350 billion baht (11.4 million US dollars) in loans for water management projects and flood rehabilitation work.

The other is to enable the Finance Ministry to transfer the full responsibility for the 1.14 trillion baht (37 billion US dollars) bailout debt from the 1997 financial crisis to the Bank of Thailand's Financial Institutions Development Fund (FIDF).

The Democrat Party and a group of senators petitioned the Constitution Court to rule on the constitutionality of the two decrees. Korn Chatikavanij, deputy leader of the opposition Democrat Party, said the two financial executive decrees need to be reviewed by the court as they have the potential to inflict irreparable damage on budgeting and financial discipline and weaken the fiscal role of the legislative branch in the future.

Deputy Prime Minister and Finance Minister Kittirat Na-Ranong represented Prime Minister Yingluck Shinawatra to defend the two decrees in testimony at court on Feb. 15, reasoning that the decrees were needed to restore confidence in Thailand after the flood crisis last year.

Kittirat earlier said that the 350-billion-baht loan would be spent on water management projects along the Chao Phraya river basin and the transfer of the FIDF's debt would help ease the government's fiscal burden.

Yingluck Shinawatra's government plans to seek loans for water management purpose to prevent flooding in short and long terms by issuing four executive decrees. However, the opponents said there was no justification for the issuance of the decrees unless going through the parliament consideration. The transfer of FIDF's debt was also criticized as government interference with the central bank.

Email|Print|Comments(Editor:王莉莉)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Xi lays wreath at mausoleum of Mustafa Kemal Ataturk

  2. Heavy snowfall hits southern Kazakhstan

  3. "The Wind of Asia " wedding fashion show held in Tokyo

  4. Melbourne hosts International Pancake Day celebration

Most Popular

Opinions

  1. Deposit reserve ratio cut does not mean policy shift
  2. Is West genuinely trying to 'save' Syria?
  3. China's Linsanity
  4. Ancient technology education program launched
  5. Banks' reserve ratio cut aims to spur growth
  6. China, India should treat competition rationally
  7. China takes responsible attitude towards Syrian
  8. Admire Jeremy Lin for his skills, not the way he looks
  9. VP Xi's U.S. tour hailed as future-oriented landmark
  10. Vote on Syria resolution shows responsibility

What's happening in China

Cyclist back in saddle for world tour

  1. 134 arrested for producing and selling "gutter oil"
  2. 80-year-old husband suspected of killing wife
  3. More than 50 rescued as winds buffet NW China
  4. Three airlines to raise fuel surcharges in HK
  5. China Telecom to sell iPhone 4S

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai