Bt14bn govt debt cleared

WEDNESDAY, JUNE 20, 2012
Bt14bn govt debt cleared

A total of Bt14 billion from the government's budget was spent in April and May to reduce domestic and external loan burden.


 According to the Public Debt Management Office, it retired domestic loans worth Bt11.67 billion. On foreign loans, Bt467.77 million was for principal repayment and Bt195.11 million for interest payment. Off-balance loan repayment in the month covered the Bt2.2 billion repayment for loans incurred by the Financial Institutions Development Fund (FIDF); including Bt1.4 billion used to redeem promissory notes.