Thailand plans to raise $12 billion through bond issuance to mitigate the impact of the Middle East crisis

```htmlGolden Ten Data reported on May 5 that the Thai government plans to raise 400 billion baht (equivalent to 12 billion US dollars) through bond issuance to support farmers, low-income families, and small businesses affected by the Middle East conflict, while accelerating the country’s transition from reliance on fossil fuels. The Thai cabinet has approved the issuance of an emergency decree to pave the way for this plan. The Prime Minister of Thailand stated on Tuesday that higher government spending will help the Thai economy avoid stagflation. The Prime Minister also pointed out that what began as an energy crisis has now spread to food prices, raising overall living costs. The Thai government has previously implemented several measures to mitigate the impact of rising energy prices, including providing cash subsidies to low-income groups, offering subsidies for the transportation industry, and providing low-interest loans to small and medium-sized enterprises.```