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Thai parliament passes bill on US$16 billion borrowing to fight COVID-19

Thailand's parliament on Thursday passed a bill to allow the government to borrow an additional 500 billion baht (US$16 billion) to help the tourism-reliant country deal with its latest and worst coronavirus outbreak so far.

The giant Buddha statue of Wat Paknam Phasi Charoen temple is seen at the end of an avenue amid the
The giant Buddha statue of Wat Paknam Phasi Charoen temple is seen at the end of an avenue amid the coronavirus disease (COVID-19) outbreak in Bangkok, Thailand, June 9, 2021. REUTERS/Jorge Silva

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BANGKOK: Thailand's parliament on Thursday passed a bill to allow the government to borrow an additional 500 billion baht (US$16 billion) to help the tourism-reliant country deal with its latest and worst coronavirus outbreak so far.

The bill passed with 270 votes in favour from a total of 469 members of parliament present.

(US$1 = 31.12 baht)

(Reporting by Orathai Sriring and Satawasin Staporncharnchai; Editing by Ed Davies)

Source: Reuters