Public debts at 41.66% of GDP
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Public debt increased in September as the government borrowed more to finance budget deficits and guaranteed debts of state enterprises.
Chakkrit Parapuntakul, director-general of the Public Debt Management Office, today said that outstanding public debts at the end of September totalled Bt4.45 trillion, equivalent to 41.66 per cent of gross domestic product (GDP).
It rose by Bt176.76 billion from a month before. Direct borrowing by the government increased Bt166.17 billion from August, he said.
In September, the government also guaranteed debts of Government Housing Bank and Bank for Agriculture and Agricultural Cooperatives.
