Public debt rises to 39.93% of GDP

Published: 27/04/2009 at 02:41 PM
Online news: Breakingnews

Thailand's public debt at the end of February 2009 amounted to 3.59 trillion baht or 39.93 per cent of the gross domestic product (GDP), Public Debt Management Office director-general Pongpanu Svetarundra said on Monday.

Of the total amount, 2.28 trillion baht were direct government borrowings, 1.014 trillion baht were debts for non-state financial institutions, and 182.43 billion baht were debts for state financial institutions.

Debts for funding the restoration and development of financial institutions stood at 110.52 billion baht, while debts for other state enterprises were 3.68 billion baht.

When compared to January, the public debt rose by 73.77 billion baht.

The increase of public debts was mainly due to the rising direct government borrowings and debts for state financial institutions.

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Chetan

Discussion 3 : 28/04/2009 at 12:02 AM3
Once a thriving Asian economy, we are now getting into the debt "black hole". This is truly shocking, unfortunate and scary! I am afraid things will get worse...

But there is always a cause to every effect. I can think of at least 5 causes that have gradually weakened the Thai economy: 1. 2004 tsunami, 2. 2006 coup, 3. 2008 PAD protests, 4. 2008-9 global economic meltdown, 5. 2009 UDD riots.

I hope we are spared any other cause, because the overall effect could be truly disastrous... :(
Poor Man

Discussion 2 : 27/04/2009 at 10:19 PM2
Don't worry, Abhisit will borrow a lot of money. Is this called Government debt or public debt?
You ain't seen nothing

Discussion 1 : 27/04/2009 at 02:53 PM1
This is just the start of Thailands problems, wait for this months Corporate tax & VAT receipts..a nightmare is coming; all leading to Sept the month Thailand will cry

Mai Pen Rai

Public debt rises to 39.93% of GDP