The National Legislative Assembly (NLA) approved the Equitable Education Fund Bill on Wednesday.
The bill sailed through the NLA with 147 votes of support and just one abstention.
However, concerns are now growing as to whether the new law will be able to fulfil its main goal of closing the educational gap within 10 years because it will get the start-up budget of just Bt1 billion.
Drafters of the bill’s first draft demanded a budget of at least 5 per cent of the state budget allocated to education for the fund. With the 5-per-cent criterion, the Equitable Education Fund would receive about Bt25 billion annually.