Thai public debt rises | Bangkok Post: news

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Public debt rises in November

Published: 24 Jan 2013 at 14.33
Online news: Local News

Outstanding public debt as of Nov 30, 2012 totalled 4.87 trillion baht, or 43.47% of gross domestic product, Public Debt Management Office director general Churarat Sutheethorn said on Thursday.

Of the total public debt, 3.46 trillion baht was the debt directly acquired by the government, 1.04 trillion baht is debt owned by non-financial institution state enterprises, and the remaining 364.79...

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boons
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Discussion 3 : 24 Jan 2013 at 22.233
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NOTE: That's FOREIGN-DENOMINATED debt, currently calculated as a %-to-GDP at a high baht valuation.

For those less economically-inclined, here's the $64,000 question: When exports collapse as a result of the high baht, inflated wages and collapsing global consumption, the central bank will be forced to reduce the value of the baht. So when the foreign-denominated debt gets revalued in lower baht, what happens to the %-to-GDP ratio?

...Yeah. We're living in fantasy-land folks.
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patchar
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Discussion 2 : 24 Jan 2013 at 17.432
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said debt will be paid by Thia new generation. We always teach hem what is sustainable development but we don't know how to apply it in ouselves. We have already compromise the needs of our future generation.
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dickemery
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Discussion 1 : 24 Jan 2013 at 15.141
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big projects fantasies ,but no money in the kitty,perhaps back to basics,and educate those kids ?
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