Thailand’s Public Debt Rises to 11.474 Trillion Baht in March
Thailand’s Finance Ministry announced that the country's public debt rose to 11.474 trillion baht, or 63.67% of GDP, by the end of March. This increase from 62.14% of GDP in September includes government and state enterprises’ debt, as well as guaranteed loans and foreign currency loans. The Public Debt Management Act of 2005 mandates biannual reporting of such debts.
The Finance Ministry announced that Thailand’s public debt rose to 11.474 trillion baht, representing 63.67% of GDP at the end of March.
This was an increase from 11.131 trillion baht and 62.14% at the end of September.
The public debt consists of government debt worth 10.087 trillion baht, state enterprises’ debt of 1.072 trillion baht, government-guaranteed loans to state firms in the financial sector totaling 202.269 billion baht, and other state agencies’ debt of 111.874 billion baht.
Notably, 84.5% of the debt (9.695 trillion baht) has a maturity of over one year, while the remaining 1.778 trillion baht is due in less than one year.
Additionally, loans in foreign currencies amount to 141.359 billion baht, comprising 1.23% of the total debt, with the rest in baht currency.
This announcement was made as per the Public Debt Management Act of 2005, which requires the Finance Ministry to report state agency loans and loan guarantees biannually.
This was an increase from 11.131 trillion baht and 62.14% at the end of September.
The public debt consists of government debt worth 10.087 trillion baht, state enterprises’ debt of 1.072 trillion baht, government-guaranteed loans to state firms in the financial sector totaling 202.269 billion baht, and other state agencies’ debt of 111.874 billion baht.
Notably, 84.5% of the debt (9.695 trillion baht) has a maturity of over one year, while the remaining 1.778 trillion baht is due in less than one year.
Additionally, loans in foreign currencies amount to 141.359 billion baht, comprising 1.23% of the total debt, with the rest in baht currency.
This announcement was made as per the Public Debt Management Act of 2005, which requires the Finance Ministry to report state agency loans and loan guarantees biannually.
