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Borrowing under the Thai Khem Kaeng (Strong Thailand) scheme won’t fuel public debt

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Deputy Prime Minister Trairong Suwankiri on Friday indicated the government’s planned borrowing of significant funds to support  implementation of projects under the Thai Khem Kaeng (Strong Thailand) scheme would not fuel the country’s public debts as some academics criticized.

He said the amount the government planned to borrow would not be as high as Bt800 billion, partly because it earned more tax revenue than forecast.

Mr Trairong said he had monitored various ministries’ plans to disburse the Thai Khem Keng budget and found the amount is not as high as indicated earlier.

via Borrowing under Thai Khem Kaeng won’t fuel public debt, says Deputy PM.

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Banking

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The Thai banking system remained resilient with high levels of capital fund, loan loss provision and liquidity to serve an important role in assisting borrowers and accommodating loan demand to support economic recovery amidst uncertain COVID-19 situation, said Bank of Thailand latest press release.

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