Picture courtesy of Bangkok Post
The Government of Thailand announced a borrowing plan of 2.59 trillion baht for the 2025 fiscal year, assuring that this will not hinder the private sector’s fundraising efforts, a Ministry of Finance official stated yesterday.
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The Government of Thailand announced a borrowing plan of 2.59 trillion baht for the 2025 fiscal year, assuring that this will not hinder the private sector’s fundraising efforts, a Ministry of Finance official stated yesterday.
Jindarat Viriyataveekul, public debt adviser at the ministry, said the debt plan, which begins on October 1, should not cause concern in the markets. She explained that approximately 1.1 trillion baht (US$33 billion) would be new borrowing primarily to cover the budget deficit, with the remainder designated for refinancing and restructuring existing debt.
Prime Minister Paetongtarn Shinawatra’s administration is increasing the budget for the 2025 fiscal year to 3.75 trillion baht (US$113 billion), a 7% rise from 2024, aimed at stimulating economic growth.
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