Thailand’s public debt rises to 11.474tn baht, 63.67% of GDP in March
Debt figures for the period compare with 11.131 trillion baht and 62.14% of GDP at the end of September
The Finance Ministry announced on Sunday that Thailand’s public debt rose to 11.474 trillion baht or 63.67% of GDP at the end of March, compared with 11.131 trillion baht and 62.14% at the end of September.
The ministry announced the outstanding public debt in the Royal Gazette in line with the Public Debt Management Act of 2005.
The act requires the Finance Ministry to report loans and loan guarantees by state agencies during the period from October to March within 60 days after the end of March and those from April to September within 60 days after the end of September.
The Finance Ministry announced that the 11.474 trillion baht of debt broke down as government debt worth 10.087 trillion baht and debt of state enterprises 1.072 trillion baht, as well as the government’s guarantee of loans to state firms in the financial sector of 202.269 billion and debt by other state agencies worth 111.874 billion baht.
Of the outstanding debt, 9.695 trillion baht or 84.5% had a due date over one year and 1.778 trillion baht had a due date less than one year.
The outstanding debt included loans in foreign currencies worth 141.359 billion baht or 1.23%. The rest were debt in baht currency.
