The government's plan to seek loans to finance 2 trillion baht in infrastructure projects may raise public debt to more than 70% of gross domestic product, a level that threatens the country's credit rating, warns former finance minister Thanong Bidaya.
Window cleaners work on a building at the Bangkok Art and Culture Centre yesterday. Growth has been strong since the floods, but economists warn of the dangers of debt gaining steam. PATIPAT JANTHONG
Thailand's public debt stands at 45% of GDP, while its threshold is set at 60%.
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