Thailand increases debt plan for current fiscal year
- 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.
- 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.
BANGKOK: 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.
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