Banking
Thailand’s debt ratio will not exceed 60%
Public Debt Management Office director-general Jakkrit Parapuntakul said in the next six years, Thailand’s public debt ratio to its gross domestic product (GDP) will be no more than 60 per cent as earlier concerns were expressed by the Bank of Thailand (BoT).
Public Debt Management Office director-general Jakkrit Parapuntakul said in the next six years, Thailand’s public debt ratio to its gross domestic product (GDP) will be no more than 60 per cent as earlier concerns were expressed by the Bank of Thailand (BoT).
He said the estimate by his office came from the fact that the government calculated the proportion of public debt to the country’s GDP within 5 years.
According to the calculation, the loans portion of the Bt350 billion budget for the government’s water management project will rise to 45 per cent of the public debt.
Such amount when included with other loans for basic infrastructure construction in the Bt2.27 trillion budget will increase the country’s public debt to 55 per cent of GDP.
The public debt ceiling will increase once there is more investment.
Regarding the progress on loans for the government’s rice pledging scheme during the 2012/2013 production season, another Bt17 billion is still needed for the assurance budget of around almost Bt270 billion.
Banking
The Thai banking system remained resilient in Q3 2021 says BoT
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.
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.
(more…)Economics
Stable outlook for APAC sovereigns as growth rebounds and debt stabilizes
Economic growth rates in Asia-Pacific are broadly rebounding and debt burdens stabilizing, giving rise to a stable outlook for sovereign creditworthiness in 2022. Still, the pace of recovery differs vastly, and some economies will experience deep economic scarring, according to a new report by Moody’s Investors Service.
Economic growth rates in Asia-Pacific are broadly rebounding and debt burdens stabilizing, giving rise to a stable outlook for sovereign creditworthiness in 2022. Still, the pace of recovery differs vastly, and some economies will experience deep economic scarring, according to a new report by Moody’s Investors Service.
(more…)
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