Public debt in Thailand at the end of 2016 budgetary year or September amounted to 6.9 trillion baht, representing 42.73 percent of the GDP, including about 400 billion baht in debts incurred by the Yingluck government’s rice pledging scheme.
Thailand recorded a Government Debt to GDP of 44.40 percent of the country’s Gross Domestic Product in 2015.
Government Debt to GDP in Thailand averaged 44.58 percent from 1996 until 2015, reaching an all time high of 57.80 percent in 2000 and a record low of 15.20 percent in 1996. Government Debt to GDP in Thailand is reported by the Ministry of Finance, Thailand.
Mr Thirat Attanawanich, deputy director of the Public Debts Management Office, said, however, that the public debts were lower than the projection of 44 percent of the GDP.
He attributed the reduction in public debts to the adjustment of debt repayment of the FIDF which has helped in the improvement of the efficiency in debt management coupled with the improved performance of some state enterprise resulting in the lowering of 70 billion baht in public debts.
Despite the 40 billion baht in revenue in rice sale, Mr Thirat noted that debts incurred by the rice pledging scheme remain at 420 billion bhat, representing 6.7 percent of public debts.
Public debts next year are expected to account for 45.5 percent of the GDP while the government projected that the debts would be further reduced by no less than 23 billion baht next year.
Ms Uppama Jaihong, director of the Bond Development Market, said that the Finance Ministry was preparing to issue savings bonds with maturity of 3 and 7 years during December 1 until next April. Interest rate will be similar to the rate charged by the bond market
Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides – Thailand Government Debt To GDP – actual values, historical data, forecast, chart, statistics, economic calendar and news.
Thailand Government Debt to GDP – actual data, historical chart and calendar of releases – was last updated on November of 2016.
12 Things to Know about the ASEAN Catalytic Green Finance Facility (ACGF)
The ACGF is an ASEAN Infrastructure Fund initiative managed by ADB’s Southeast Asia Department Innovation Hub. It helps Southeast Asian governments prepare and finance infrastructure projects promoting environmental sustainability and contributing to climate change goals.
Thai cabinet approves 350 billion baht Aid for COVID-hit Businesses
Thailand unveiled new measures to help small and medium COVID-hit businesses in the tourism industry hit by a liquidity crunch.
APAC Banks to Face Portfolio Valuation Losses As Yields Rise
The latest data suggest that Fitch-rated banks in Hong Kong, India, Indonesia, Malaysia and Taiwan have the largest AFS securities portfolios, and display particular sensitivity to changes in yields.
Fitch Ratings-Hong Kong/Singapore-21 March 2021: A rise in yields for long-dated sovereign bonds will result in near-term losses for Asia-Pacific (APAC) banks as they recognise valuation changes on their available-for-sale (AFS) bond portfolios, but the capital impact should be manageable for most rated banks, says Fitch Ratings.
Subscribe via Email
Thai fruit exports to FTA markets up 107 percent
China, Malaysia, Singapore, Indonesia, the Philippines, Hong Kong, Australia and Chile are top importers of Thai fruits, especially fresh durian,...
Digital Revolution and Repression in Myanmar and Thailand
Activists have also proactively published social media content in multiple languages using the hashtags #WhatsHappeningInMyanmar and #WhatsHappeningInThailand to boost coverage...
3 Reasons to Be Optimistic About the Baht Right Now
Probably one of the most important factors for the rise of the Baht is the continued weakness of the US...
Will Thailand’s plan for quarantine-free tourism set a global trend?
According to the Tourism Authority of Thailand, the quarantine-exemption measures implemented in Phuket will be extended to five other key...
Thailand Approves Latest Economic Relief Package for Businesses
Some 250 billion baht (US$8 billion) was allocated for soft loans while the remaining 100 billion baht (US$3.2 billion) will...
Southeast Asia remains a hot spot for plastic pollution
The use of plastics is deeply embedded in our daily lives, in everything from grocery bags and cutlery to water...