PDMO still upbeat on impact of pledging schemes | Bangkok Post: business

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PDMO still upbeat on impact of pledging schemes

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The Public Debt Management Office (PDMO) is confident that losses from various crop intervention schemes will not greatly affect the level of public debt over the next seven years. 

Critics have voiced concern that the annual borrowing of 400 billion baht to intervene in the market of cash crops such as rice, cassava and maize could damage the state budget significantly.

For the season ended this past September, the Finance Ministry expects 70 billion baht in losses from crop pledging schemes, mainly for rice.

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