Jump to content
Thai Visa Forum

Thailand increases debt plan for current fiscal year


Recommended Posts

Thailand increases debt plan for current fiscal year

 

2021-02-23T132957Z_2_LYNXMPEH1M0SF_RTROPTP_4_THAILAND-ECONOMY-CENBANK.JPG

FILE PHOTO: Thai baht notes are seen at a Kasikornbank in Bangkok, Thailand, May 12, 2016. REUTERS/Athit Perawongmetha

 

BANGKOK (Reuters) - Thailand's cabinet on Tuesday approved a higher debt management plan of 1.54 trillion baht ($51.32 billion) for the current fiscal year to September to help facilitate borrowing for coronavirus relief measures, a government spokesman said.

 

The new debt plan, which was increased from 1.465 trillion baht, also included borrowing for financing the budget deficit and state enterprise projects, Anucha Burapachaisri said in a statement.

 

In the fiscal year the government plans to borrow about 76 billion baht under a larger 1 trillion baht borrowing plan to mitigate the impact of the coronavirus epidemic.

 

The new debt plan will increase the country's public debt to gross domestic product (GDP) to 56.74% at the end of September, still below the 60% limit, Anucha said.

 

The debt was at 52.13% of GDP at the end of 2020.

 

($1 = 30.01 baht)

 

(Reporting by Kitiphong Thaichareon and Orathai Sriring; Editing by Martin Petty)

 

reuters_logo.jpg

-- © Copyright Reuters 2021-02-24
 
Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...