Prapas Kong-Ied, director-general at PDMO, said about Bt607.251 billion of the total will be new borrowings to offset next fiscal year (2019)'s budget deficit and finance the government's mega transportation infrastructure projects, while the remaining Bt516.755 billion will go towards debt restructuring.
Most of the planned borrowings will likely be made locally through government bonds and other types of debt instruments. Others will be raised in foreign currencies from international financial institutions for projects requiring technologies from abroad, he said.
The government's borrowings and debt management will come with a risk management plan dealing with foreign exchange risk and interest rate risk, and debt restructuring, he said.
Presently, the government's FX risk remains low, given its external debt stands at 0.9 per cent of total public debt, he said. – The Nation
Published : February 08, 2018
By : The Nation