rooster59 Posted November 28, 2020 Share Posted November 28, 2020 Outstanding public debt amounts to 49.34 per cent of GDP By THE NATION The country’s outstanding public debt stands at Bt7.84 trillon, or 49.34 per cent of gross domestic product (GDP), a Ministry of Finance announcement said on the Royal Gazette website on Friday. The ministry reported on the public debt situation as of September 30, as well as on government loans and guarantees from April to September 2020. The report said that as of September 30, public debt comprised Bt6.73 trillion of government debt, Bt795.98 billion of state-owned enterprises (SOEs) debt, Bt309.47 billion of debt at government-guaranteed financial SOEs – which refers to a state enterprise that undertakes lending business, asset management and credit guarantees – and Bt7.82 billion of other government agencies debt. The report also divided public debt into long-term and short-term ones based on the deadline for the debt to be paid. Bt6.77 trillion, or 86.26 per cent, of total public debt has a deadline of more than a year, while Bt1.07 trillion, or 13.34 per cent, must be paid in less than a year. Based on origin Bt7.704 trillion, or 98.22 per cent, is domestic debt while Bt139.39 billion, or 1.78 per cent, is overseas debt. Source: https://www.nationthailand.com/news/30398734 -- © Copyright The Nation Thailand 2020-11-29 - Whatever you're going through, the Samaritans are here for you - Follow Thaivisa on LINE for breaking COVID-19 updates Link to comment Share on other sites More sharing options...
PatOngo Posted November 28, 2020 Share Posted November 28, 2020 44 minutes ago, rooster59 said: Outstanding public debt amounts to 49.34 per cent of GDP Who's having a lend of who? Link to comment Share on other sites More sharing options...
kingdong Posted November 28, 2020 Share Posted November 28, 2020 There may be trouble ahead.......... Link to comment Share on other sites More sharing options...
Popular Post canopus1969 Posted November 29, 2020 Popular Post Share Posted November 29, 2020 Is that all, am surprised it is that low - those numbers would make the West jealous 6 Link to comment Share on other sites More sharing options...
BMW Overlander Posted November 29, 2020 Share Posted November 29, 2020 1 hour ago, canopus1969 said: Is that all, am surprised it is that low - those numbers would make the West jealous Same here. I thought it was like 70-80%. Link to comment Share on other sites More sharing options...
Rmac442 Posted November 29, 2020 Share Posted November 29, 2020 Expensive property and significant mortgages ..biggest difference in the west !! 2 Link to comment Share on other sites More sharing options...
Barnabe Posted November 29, 2020 Share Posted November 29, 2020 This is just government debt, not private. Private debt will be much higher. But let’s not kid ourselves, these are amazing numbers compared to any western country. Link to comment Share on other sites More sharing options...
Scot123 Posted November 29, 2020 Share Posted November 29, 2020 9 hours ago, canopus1969 said: Is that all, am surprised it is that low - those numbers would make the West jealous It's not! In my experience The Thai Public are drowning in debt factors borrowing off Peter to pay back Paul. To even bring the west into compare is like comparing diamonds and coal. Link to comment Share on other sites More sharing options...
Delight Posted November 29, 2020 Share Posted November 29, 2020 It's all relative. China's public debt is about 250% of GDP. 1 Link to comment Share on other sites More sharing options...
Enzian Posted November 29, 2020 Share Posted November 29, 2020 A mid-year article from the paper that can't be cited indicated that the public debt ended 2019 at 41%, and could go as high as 57% in 2021 (and this last figure is surely guesswork). This is the best I can come up with by a quick search, I'd like to find a good chart. 1 Link to comment Share on other sites More sharing options...
soalbundy Posted November 29, 2020 Share Posted November 29, 2020 6 hours ago, Barnabe said: This is just government debt, not private. Private debt will be much higher. But let’s not kid ourselves, these are amazing numbers compared to any western country. If the West had only 50% government debt they would think there had been a heavenly intervention. Link to comment Share on other sites More sharing options...
soalbundy Posted November 29, 2020 Share Posted November 29, 2020 2 hours ago, Scot123 said: It's not! In my experience The Thai Public are drowning in debt factors borrowing off Peter to pay back Paul. To even bring the west into compare is like comparing diamonds and coal. Internal debt isn't as dangerous as a government's external debt Link to comment Share on other sites More sharing options...
Leaver Posted November 29, 2020 Share Posted November 29, 2020 11 hours ago, canopus1969 said: Is that all, am surprised it is that low - those numbers would make the West jealous Most western countries have deep pockets, Thailand doesn't. Link to comment Share on other sites More sharing options...
sammieuk1 Posted November 29, 2020 Share Posted November 29, 2020 Then along came covid and ASQ a gift that will keep giving long into new draconian requirement future ???? Link to comment Share on other sites More sharing options...
Lacessit Posted November 29, 2020 Share Posted November 29, 2020 Don't think Thailand has too much to worry about. https://worldpopulationreview.com/countries/countries-by-national-debt 2 Link to comment Share on other sites More sharing options...
ExpatOilWorker Posted November 29, 2020 Share Posted November 29, 2020 (edited) 12 hours ago, canopus1969 said: Is that all, am surprised it is that low - those numbers would make the West jealous The tax revenue of about 15-17% of GDP would make the West cry their eyes out. Edited November 29, 2020 by ExpatOilWorker Link to comment Share on other sites More sharing options...
ChaiyaTH Posted November 29, 2020 Share Posted November 29, 2020 Guess most debt is informal debt and not added to this figure. Link to comment Share on other sites More sharing options...
robblok Posted November 29, 2020 Share Posted November 29, 2020 4 hours ago, Scot123 said: It's not! In my experience The Thai Public are drowning in debt factors borrowing off Peter to pay back Paul. To even bring the west into compare is like comparing diamonds and coal. This is about national debt. Next time get it right if you want to bash Thailand. Link to comment Share on other sites More sharing options...
Jack Mountain Posted November 29, 2020 Share Posted November 29, 2020 8 hours ago, Delight said: It's all relative. China's public debt is about 250% of GDP. China’s national debt is currently 54.44% of its GDP, a significant increase from 2014 when the national debt was at 41.54% of China’s GDP. China’s national debt is currently over ¥38 trillion (over $5 trillion USD). An International Monetary Fund report from 2015 stated that China’s debt is relatively low, and many economists have dismissed worries over the size of the debt both in its overall size and relative to China’s GDP. China currently has the world’s largest economy and the largest population of 1,415,045,928 people. https://worldpopulationreview.com/countries/countries-by-national-debt Link to comment Share on other sites More sharing options...
onebir Posted November 29, 2020 Share Posted November 29, 2020 24 minutes ago, Jack Mountain said: China’s national debt is currently 54.44% of its GDP, a significant increase from 2014 when the national debt was at 41.54% of China’s GDP. China’s national debt is currently over ¥38 trillion (over $5 trillion USD). An International Monetary Fund report from 2015 stated that China’s debt is relatively low, and many economists have dismissed worries over the size of the debt both in its overall size and relative to China’s GDP. China currently has the world’s largest economy and the largest population of 1,415,045,928 people. https://worldpopulationreview.com/countries/countries-by-national-debt I think that's the central government debt only; there's apparently a lot more at various levels of local government, and many SOEs that are too important to fail... Link to comment Share on other sites More sharing options...
mrfill Posted November 30, 2020 Share Posted November 30, 2020 13 hours ago, Delight said: It's all relative. China's public debt is about 250% of GDP. You mean Japan. China is around 50% https://tradingeconomics.com/country-list/government-debt-to-gdp Link to comment Share on other sites More sharing options...
Barnabe Posted November 30, 2020 Share Posted November 30, 2020 China probably has less debt % wise than the West, but I don’t trust their numbers one bit, it’s certainly not 50%. Lying through numbers has always been their game. It is widely believed they regularly lie about their GDP growth every year. As a recent example, does anyone trust their COVID case count? They might have it under control, but no way they have so little cases considering the size of the country and where it started. Link to comment Share on other sites More sharing options...
Stef Posted December 2, 2020 Share Posted December 2, 2020 On 11/29/2020 at 5:08 PM, Scot123 said: It's not! In my experience The Thai Public are drowning in debt factors borrowing off Peter to pay back Paul. To even bring the west into compare is like comparing diamonds and coal. Only the poor do this and it is not significant. The 10% richest Thais own 76.6% of the wealth of the country (Credit Suisse Global Wealth Data). The 50% poorest own about 2% of the total wealth. Link to comment Share on other sites More sharing options...
Leaver Posted December 2, 2020 Share Posted December 2, 2020 (edited) Thailand has record household debt. These numbers do not paint a pretty picture. https://www.reuters.com/article/us-thailand-economy-household-debt-idUSKBN2481HX Edited December 2, 2020 by Leaver Link to comment Share on other sites More sharing options...
cmarshall Posted December 6, 2020 Share Posted December 6, 2020 On 11/29/2020 at 6:15 PM, Delight said: It's all relative. China's public debt is about 250% of GDP. Ridiculous. China’s national debt is currently 54.44% of its GDP, a significant increase from 2014 when the national debt was at 41.54% of China’s GDP. China’s national debt is currently over ¥38 trillion (over $5 trillion USD). An International Monetary Fund report from 2015 stated that China’s debt is relatively low, and many economists have dismissed worries over the size of the debt both in its overall size and relative to China’s GDP. China currently has the world’s largest economy and the largest population of 1,415,045,928 people. https://worldpopulationreview.com/countries/countries-by-national-debt Link to comment Share on other sites More sharing options...
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