Public debt hits 10 trillion, breaks 60% of GDP.
Date 03 Apr 2022 time 10:12
Thailand debt continues to rise to 10 trillion baht, surpassing 60% of GDP in 6 months, borrowing almost 6 trillion baht.
Ministry of Finance Thailand’s public debt status report, as of Feb 2022, there were 9,828,268 million baht in debt, representing 60.17% of GDP compared to the previous month. Public debt has increased by about 100 billion baht.
Public debt for the first 5 months of fiscal year 2022 (Oct. 2021 – Feb. 2022) has been recovered to compensate for the budget deficit. and debt management up to 5,964,350 billion baht
In addition, the amount of loans under the Coronavirus Disease (COVID-19) Act B.E. More COVID-19, 2021, 368,166 million baht has been borrowed, near the full amount of 500 billion baht. The loan must be borrowed by the end of the fiscal year 2022.
Last year The government of Gen. Prayut Chan-o-cha has extended the ceiling on public debt ratio from 60% of GDP to 70% of GDP to support borrowing to offset the 2022 budget deficit and other loans to help solve problems. economy from the impact of COVID
