Public debt stands at 45.55% of GDP

The government’s outstanding public debt as of the end of September, 2009 stood at 4.001 trillion baht or 45.55 per cent of gross domestic product, the Public Debt Management Office reported on Wednesday.

Chakkrit Parapuntakul, deputy director at the office, said of the total, 2.586 trillion baht were the loans directly acquired by the government, 1.109 trillion baht were debts owed by the non-financial institutional state enterprises.

Another 208.7 billion baht were loans sought by the state enterprises which are financial institutions and guaranteed by the government, and the remaining 98.15 billion baht were loans acquired by the state-owned Financial Institutions Development Fund (FIDF).

The outstanding public debt dropped 16.24 billion baht from August as a result from a 22.85 billion baht decline in the government’s directly acquired loans and the 2.65, 2.84 and 1.13 billion baht increase in loans of the non-financial and financial institutional state enterprises and the FIDF respectively, Mr Chakkrit said.