Public debt to be kept under 50% of GDP | Bangkok Post: business

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Public debt to be kept under 50% of GDP

PDMO: Projects could be cut to maintain goal

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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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