Deputy spokesman for the government revealed that the Cabinet has acknowledged the report on the proportion of public debt, government debt and fiscal risks. At the end of fiscal year 64, everything is still under the framework of the fiscal discipline of the state.
Today (30 Nov) Ms. Ratchada Thanadirek, Deputy Spokesperson for the Prime Minister’s Office Revealed after the Cabinet meeting (Cabinet) that the Cabinet acknowledged the public debt ratio report. and public debt status reports Government debt and fiscal risks as of the end of fiscal year 2021 (30 September 2021) as proposed by the Ministry of Finance The details are as follows.
1. Public Debt Proportion Report Actual public debt ratio as of September 30, 2021 remains under the public debt management framework set by the State Fiscal Policy Committee, namely
(1) The ratio of public debt to GDP is 58.15%, not exceeding the specified limit of 70 percent.
(2) The proportion of government debt to the projected annual income of the fiscal year is 32.27 percent, not exceeding the specified limit, which is 35 percent.
(3) The ratio of public debt denominated in foreign currency to total public debt is 1.80 percent, not exceeding the stipulated limit of 10 percent.
(4) The ratio of public debt denominated in foreign currency to income from exports of goods and services is 0.06 percent, not exceeding the stipulated limit of 5%.
2. Public Debt Status Report, Government Debt and Fiscal Risk Report outstanding debt status
Outstanding debt status amounted to 9.34 trillion baht, or 58.15% per GDP, an increase of 1.49 million baht from the previous year. The increase was caused by borrowing to compensate for the budget deficit. and borrowing money under two special laws: 1) The Royal Decree empowers the Ministry of Finance to borrow money to solve problems, heal and rehabilitate the economy and society affected by the COVID-19 outbreak. 2020 and 2) the Royal Decree empowers the Ministry of Finance to borrow money to solve economic and social problems. From the further outbreak of COVID-19 in 2021 for the public debt status at the end of fiscal year 2021, details are as follows:
(1) Debt directly borrowed by the government in the amount of 7,504,214.24 million baht, accounting for 46.73 percent of GDP.
(2) Government debt borrowed to pay damages to the Financial Institutions Development Fund (FIDF) amounting to 699,484.43 million baht, accounting for 4.36% of GDP.
(3) State enterprise debt amounted to 845,639.91 million baht, accounting for 5.27 percent of GDP.
(4) Debts of state enterprises doing business in the financial sector (government guarantee) amounting to 281,041.62 million baht, accounting for 1.75 percent of GDP
(5) Debt to other government agencies in the amount of 7,162.82 million baht, accounting for 0.04% of GDP.
The outstanding debts of government agencies consist of:
(1) State enterprise under the law governing fiscal discipline of the state, namely PTT Exploration and Production Public Company Limited, amount 120 billion baht.
(2) State enterprises under the law on public debt management that do lending business Asset Management and credit insurance businesses that the Ministry of Finance does not guarantee, such as Sukhumvit Asset Management Company Limited, the Government Savings Bank and the Government Housing Bank, amounting to 590 billion baht.
(3) 7,850 local government organizations, amounting to 36.5 billion baht.
(4) Bank of Thailand in the amount of 4.61 million baht.
Fiscal Risk It is still under the framework of public debt management set by the State Fiscal Policy Committee. Most of the debt, 84.11 percent, is a direct burden on the budget. which the government must allocate the budget to pay back when it is due The debt that does not directly burden the budget. The agency will be responsible for the debt payment. by using other sources of income other than the budget to pay the debt For loan debts of government agencies that are not counted as public debt No effect on fiscal burden Because it is an agency that has a stable operating status and has enough income to pay off the loan itself.
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