BANGKOK – The Ministry of Finance plans to provide loan guarantees to the Oil Fuel Fund up to 30 billion baht, according to a ministry source who asked not to be identified. The fund is currently in talks with financial institutions to obtain a loan. As far as 2. In October, the fund suffered heavy losses of 124 Mr. Bah.
the e.m. 5. The Executive Decree, which entered into force on 11 October, allows the Ministry to guarantee the repayment of the loan and the indebtedness of the Fund up to 150 billions of baht to support the fund’s liquidity and help it resist the surge in domestic energy prices. According to the decree, the fund must collect the loan within one year of the decree coming into force.
The source said the cabinet appointed the Office of Public Debt Management (PDMO) authorized to provide a guarantee up to 30 billion baht for the first phase of the Oil Fuel Fund. The Office included this amount in its debt management plan for the year 2023 registered. That PDMO will consider your debt plan for 2023 to verify the residual guarantee of 120 billion baht.
Whenever the oil fund needs to borrow more, the Department of Energy will have to offer more loans to the government, the source said. The fund is struggling to get credit from financial institutions to support its dwindling liquidity as institutions fear the fund’s heavy losses and volatility in global energy prices could hinder debt repayment.
The ministry has not yet assessed whether it will be the expiry date of the government measure to reduce the tax on diesel consumption from 20. to be extended in November. “The ministry has to take into account the fluctuations in the global oil price, “the source said. “If the price falls, it may not be necessary to extend the measure. “
The toilet had 13. September the extension of the provision for a further two months up to 20. decided on nov. The measure shifted the consumption tax to diesel 5 Baht per liter reduced.
