Bangkok: Academics point out that the 500 billion baht loan decree, in response to the energy crisis, is a necessary tool to support the economy, revive the country in the short term, and build a long-term foundation. They urge the budget to be used efficiently and with fiscal discipline.
According to Thai News Agency, on April 22, 2026, Associate Professor Dr. Olar Thinbangtiao, a lecturer at the Faculty of Political Science, Burapha University, commented on the idea of issuing an emergency decree to borrow 500 billion baht to stimulate the economy in response to the global energy crisis. He stated that it is a policy that aligns with the current situation and is a necessary fiscal tool to cope with the impact of external factors.
Associate Professor Dr. Olar stated that, given the volatility of the global economy, particularly the tense situation in the Middle East that is driving up energy costs, the government needs proactive measures. Since the regular budget is insufficient to cover emergency burdens, issuing an emergency decree for borrowing is a crucial mechanism to buy time for the Thai economy to recover.
This loan will stimulate the economy in the short term by injecting liquidity into individuals and businesses, especially low-income groups and SMEs, which tend to have higher spending potential. This will create an economic multiplier effect, helping to sustain consumption and reduce the risk of an economic slowdown.
In the long term, if the government designs the spending efficiently, it can further invest in essential infrastructure such as energy systems, technology, and digital infrastructure. This will enhance the country's competitiveness and reduce vulnerability to future crises.
Furthermore, borrowing reflects the state's role in maintaining social justice by allocating resources to assist affected groups, reduce inequality, and maintain social stability during times of high living costs for the public.
Associate Professor Dr. Olar also believes that if implemented within an appropriate fiscal discipline framework, borrowing will not affect long-term stability. Instead, it will help build investor confidence and reduce overall economic risks.
'In a crisis, doing nothing can be worse than making proactive decisions. Therefore, issuing this emergency decree for borrowing money is a choice of the appropriate tool to support the economy and lay the foundation for long-term recovery,' Assoc. Prof. Dr. Olar said.