Cabinet approves public debt management plan New bomb recovery 1.3 trillion baht
Date 28 Sep 2021 time 16:13
Cabinet approves public debt management plan of 3 trillion baht, borrowing new bomb 1.3 trillion baht
Ms. Ratchada Thanadirek, Deputy Spokesperson for the Prime Minister’s Office revealed that the Cabinet (Cabinet) on September 28, 2021, chaired by Prime Minister Gen. Prayut Chan-ocha and Defense Minister, approved a public debt management plan. for fiscal year 2022 as proposed by the Ministry of Finance which consists of
1. New debt initiation plan, total amount 1,344,783.84 million baht
2. Existing debt management plan, total amount of 1,505,369.64 million baht
and 3. Repayment plan, total amount of 339,291.87 million baht.
public debt management plan Fiscal Year 2022 is a framework for borrowing money for governments, state enterprises and other government agencies. The objectives of the loan are as follows:
(1) Loan to compensate the budget deficit
(2) borrowing money for the implementation of the loan project for economic and social development in accordance with the measures to remedy the case where the capital expenditure budget is less than the amount of the deficit of the annual budget expenditure;
(3) Loans under the plans under the Royal Decree on Additional Loan for COVID-19 B.E. 2021
(4) Borrowing money for investment in various projects such as the double-track railway project Community Rehabilitation Project in Din Daeng Suvarnabhumi Airport Development Project Power transmission system improvement projects, etc.
(5) Borrowing to enhance liquidity of state enterprises
and (6) borrowing for debt restructuring and debt repayment of the government, state enterprises and other government agencies.
Public debt forecast at the end of September 2022 under this public debt management plan. will be at 62.69%, which is not more than 70 percent according to the new public debt management framework announced in the Government Gazette. investment in project plans According to the public debt management plan will cause economic expansion. to support the economic recovery after the Covid-19 situation tends to unwind
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