Public debt to be kept under 50% of GDP
PDMO: Projects could be cut to maintain goal
- Published: 26 Nov 2012 at 00.00
- Newspaper section: Business
Public debt management strategies will be aimed at maintaining debt under 50% of gross domestic product to help create a cushion for policy makers in case of future crises, says Chularat Sutheethorn, director-general of the Public Debt Management Office (PDMO).
The Finance Ministry's medium-term debt management framework calls for public debt to be maintained under 60% of GDP, which for next year is projected at 12.5 trillion baht.
But Ms Chularat said in practice, the PDMO plans to keep public debt under 50% of GDP, with debt service obligations accounting for no more than 15% of budget expenditures in any given year.
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