—
Mrs. Jindarat Wiriyathaweekul, Deputy Director of the Public Debt Management Office I would like to clarify the case that the new page vision for the stable Thai economy The news was published that the World Bank reported that the Thai economy will face a severe crisis. One of the biggest problems is that the public debt figure has surpassed the 18-year high, caused by the government borrowing $ 1.9 trillion, accounting for 13% of GDP. The news is false.
This is due to the situation of the COVID-19 outbreak. As a result, the economic activities of all sectors around the world have been abruptly stagnated. The government therefore enacted an Emergency Decree To accommodate the economic impact The government will have the burden from direct borrowing of only 1 trillion baht, not 1.9 trillion baht, which the Ministry of Finance currently borrows money under the Act. As mentioned above, the amount of 348,761 million baht.
Public debt at the end of October 2020 totaled 7.8 trillion baht, with a share of public debt to gross domestic product (GDP) of 49.53 percent, which remained within the fiscal discipline, which defined no more than percent. 60 While in 2000 the public debt-to-GDP ratio was the highest of 59.98 percent due to the financial crisis in the country.
When considering the proportion of government debt, it was found that the Thai government has a low level of debt by 44.37 percent, especially when compared with emerging economies and developing countries in Asia. With an average value of 62.89 percent
–
–
