"debt"

A recent survey shows that most Thai households have large credit card and personal loan debts, with the average coming in at 1.24 million baht per household. Civil servants have been found to have the highest credit card debts, averaging up to 1 million baht per person.

Total government debt as of the end of fiscal year 2022 will reach 2.3 trillion baht or 62 per cent of GDP, said Patricia Mongkhonvanit, director-general at the Public Debt Management Office (PDMO) on Wednesday.

WASHINGTON - Senate Democratic and Republican leaders said Thursday morning they had clinched a short-term deal to raise the countrys debt ceiling, setting Congress on track to avert a government default on its debts in roughly 11 days.

"It would be catastrophic to not pay the governments bills, for us to be in a position where we lack the resources to pay the governments bills," U.S. Treasury Secretary Janet Yellen said, adding it really undermines confidence in the full faith and credit of the United States.

WASHINGTON - A high-stakes standoff between Democrats and Republicans over how to raise the debt ceiling intensified markedly on Monday as President Joe Biden said he could not guarantee that the U.S. government wouldnt default - and Republicans reiterated their refusal to address the issue.

WASHINGTON - Treasury Secretary Janet Yellen on Thursday said lawmakers should abolish the legal limit on how much treasury can borrow to meet the federal governments payment obligations, pushing lawmakers to eliminate the potential threat of a U.S. default.

These days, all the talk in financial markets is about when the Federal Reserve will start paring its debt purchases. Whats more important, for everything from stocks to bonds to currencies, is when they will end.

The Bank of Thailand (BOT) announced on Monday that it had not instructed commercial banks and financial institutions to slash the amount owed by debtors, but to instead restructure debts.

Thai household debt in the first quarter of 2021 reached 90.5 per cent of GDP, the highest among developing countries, according to Siam Commercial Bank’s Economic Intelligence Centre (EIC).

The Bangkok Mass Transit System (BTSC) and Krungthep Thanakom (KT) are looking for ways to solve the 30-billion-baht debt problem related to the extension of the BTS Green Line and expect to come to an agreement within two weeks.

The Bank for Agriculture and Agricultural Cooperatives (BAAC) will offer a debt moratorium from six months up to a year to clients who are farmers, cooperatives, village funds or agricultural communities which have had debts with the bank as of April 1, 2021, in a bid to alleviate the financial burden of its clients amid this severe third Covid-19 wave.

WASHINGTON - America's federal debt is set to exceed the size of the entire U.S. economy this year for only the second time since the end of World War II, a reflection of the extraordinary emergency measures approved by Congress in response to the coronavirus pandemic, the nonpartisan Congressional Budget Office said Thursday.