The requirement is part of a draft bill of the Public Finance Act, now under the Council of State's final review. The Council of State has proposed tweaking the payback time frame concerning borrowing money, said an informed source at the Finance Ministry. The two-year payoff requirement is considered too stringent by the Council of State and could cause a lack of budget for funding investment or other beneficial projects, the source said. Krisada Chinavicharana, director-general of the Fiscal Policy Office, said the draft bill must seek the government's approval again after the Council of State's interpretation is completed. The draft bill is expected to go before the National Legislative Assembly for deliberation by May.

Source: Bangkok Post April 17, 2017 20:48 UTC