webfact 82,703 Posted February 23 Share Posted February 23 Thailand increases debt plan for current fiscal year 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) -- © Copyright Reuters 2021-02-24 - Whatever you're going through, the Samaritans are here for you - Follow Thaivisa on LINE for breaking COVID-19 updates Link to post Share on other sites
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