The Finance Ministry insists public debt will not exceed its self-imposed limit of 50% and the international standard of 60% of GDP, says deputy director-general of the Fiscal Policy Office (FPO) Ekniti Nitithanprapas.
Prepared for a rainy day: Officials have assured the IMF that Thailand’s publicdebt- to-GDP ratio will not exceed50% despite an uptick in recent years. SEKSAN ROJJANAMETAKUN
His comment came after the International Monetary Fund (IMF) stated in its annual economic review for Thailand that the country's public debt started to rise in fiscal 2012 and its public debt-to-GDP ratio will be 53% by 2018.
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