BEHIND THE NUMBERS
Where do rates go from here now that the debt has been transferred?
No other executive decree has become the talk of the town like the one that transferred the Financial Institutions Development Fund (FIDF)'s debt responsibility from the government's budget and to FIDF itself.
This inevitably means that the debt will have to be managed by the Bank of Thailand (BoT), which controls the FIDF, in contrast with the prior arrangement.
From the fund's inception, the government was responsible for the interest payments as a budgetary expense, while the central bank was responsible for paying down the principal from its annual profit.
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About the author
- Writer: TMB Analytics
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