Published: Aug 20, 2020
Despite public debt approaching its limit of sustainability, the Finance Ministry denies the country is on the brink of bankruptcy and will take a further Bt48 billion loan from the Asian Development Bank late this month
Published: Aug 04, 2020
The Cabinet on Tuesday (August 4) approved the Finance Ministry’s proposal to borrow US$1.5 billion (Bt48 billion) from the Asian Development Bank. The loan will be used to finance Covid-19 recovery projects, said Rachada Dhnadirek, deputy government spokeswoman.
Published: Jun 12, 2020
The Bank of Thailand (BOT)’s obligation worth Bt6 trillion will not translate into public debt as feared by many, the central bank insists, though the explanation it has offered is far from clear.
Published: Sep 24, 2019
The Cabinet on Tuesday (September 24) approved a planned public debt worth Bt894 billion for fiscal 2020, with the largest sums being injected into the State Railway of Thailand, which will be getting Bt65 billion, and Bt56.8 billion earmarked for cash-strapped Thai Airways International.
Published: Jun 06, 2018
Public Debt Policy Office (PDMO) will keep Thailand’s public debt at no more than 50 per cent of the nation’s gross domestic product (GDP) in the next 10 years, despite the government’s planned investment in mega infrastructure projects worth over Bt2 trillion in the next four to five years.