Public debt up at 1.7% of GDP, FPO reports
Play
Thailand’s public debt in the first quarter of fiscal budget year 2016 (October-December 2015) totalled Bt238.53 billion, or 1.7 per cent of gross domestic product, an increase of 9.1 per cent over the same period of the previous fiscal year.
The public sector’s total revenue stood at Bt1.59 trillion, down by Bt158.49 billion, or 9.1 per cent. The decrease was attributed to lower revenue from state enterprises, especially PTT, the Electricity Generating Authority of Thailand (Egat) and TOT, according to Krisada Chinavicharana, director-general of the Fiscal Policy Office and the Finance Ministry’s spokesman.
