Thailand's finances are healthy enough for it to borrow 2.2 trillion baht to spend on infrastructure development, senior Finance Ministry officials say.
A House committee on national debt yesterday asked about Thailand's readiness for the planned borrowing. Most members of the panel asked finance officials about the country's financial status.
Suwit Rojanavanich, deputy director-general of the Public Debt Management Office, told the committee that last year Thailand's public debt stood at about 4 trillion baht and accounted for 40% of its gross domestic product (GDP). With this level of debt, Thailand remains able to borrow more and repay efficiently.
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