BOT worried about populist policies pushing up public-debt level
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The Bank of Thailand has expressed concern over the country's public-debt level if the government continues its budgetary deficits, particularly for its populist policies.
Mathee Supapongse, BOT senior director at the Macroeconomic and Monetary Policy Department, said that if the government continued its budget deficits with the aim to stimulate expenditure through non-value-added populist policies, Thailand’s public debts could rise continuously.
Such a populist policy may lead to problems for the government’s specialised financial institutions, including the Government Savings Bank, Bank for Agriculture and Agricultural Cooperatives, as most projects are executed through them.
The Nation
