Jobs entering Big Tu again, public debt has surpassed 50%.
Date 07 Jan 2021 Time 18:50
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Big Du work in Public debt has surpassed 8 trillion baht, while the debt-to-GDP ratio has already surpassed 50%.
Ministry of Finance Public debt report at the end of November 2020 amounted to 7.92 trillion baht, or 50.46% of GDP, compared to the previous month.Public debt increased by about 1 hundred billion baht, with public debt in October 2020 at 7.82. Trillion baht or 49.53% of GDP
The share of public debt recently surpassed 50% of GDP due to higher debt. In contrast to the lower GDP value, in October 2020, the GDP value was 15.8 trillion baht and in November 2020 at 15.7 trillion baht.
In the fiscal year 2021, the government had to borrow money to compensate the deficit of 6.49 billion baht and borrow from The Royal Decree resolves the COVID-19 problem, approximately 500 billion baht, will cause the public debt at the end of 2021 to be higher than 9 trillion baht or close to or more than 60% of GDP because the Thai economy in 2021 is not likely to Expanded from the new coronavirus outbreak.
Earlier Gen. Prayut Chan-o-cha, Prime Minister, chaired the Cabinet (Cabinet), approved the 2022 budget expenditure framework of 3.1 trillion baht, which is a deficit budget, having to borrow compensation of 7 hundred billion baht. Due to the estimated revenue collection of 2.4 trillion baht, a decrease of 10.35% from fiscal year 2020 or over 2 hundred billion baht.
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