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Thailand will sell 55 billion baht of government savings bonds next month to help finance a budget deficit, a Finance Ministry official said on Monday.The 5-year and 10-year bonds will be offered to the public with yearly average coupon of 2.9% and 3.6% respectively, said ...

With most of the government’s debt portfolio dominated by long-term bonds with fixed interest rates, there is less risk from the trend of rising interest rates globally, according to the Public Debt Management Office (PDMO).PDMO director-general Patricia Mongkhonvanit admitted rising interest rates globally could eventually ...

The State Fiscal Policy Committee on Monday approved raising Thailand’s public debt ceiling from 60 per cent to 70 per cent of GDP.The new limit would be proposed at Tuesday’s Cabinet meeting for approval, said Finance Minister Arkhom Termpittayapaisith.The committee, which is chaired by Prime ...

Parliament on Wednesday started debating a bill to allow the government to borrow an additional 500 billion baht to help deal with the country’s latest and biggest coronavirus outbreak.The economy is expected to grow only 1.5%-2.5% this year after last year’s 6.1% slump, with tourism ...

A former finance minister on Monday submitted a petition to the Supreme Admin Court asking it to revoke cabinet approval for a 700-billion-baht loan to combat the kingdom’s public health crisis.The cabinet recently approved the draft of an executive decree authorising the government to borrow ...

Thailand’s King Maha Vajiralongkorn endorsed a $16 billion borrowing plan to shield Southeast Asia’s second-largest economy from the impact of a raging coronavirus outbreak that’s threatening a nascent recovery and plans to reopen borders to tourists.The government can borrow 500 billion baht ($16 billion) in ...

Thailand’s public debt will not exceed the 60% ceiling rate by 2025 if there is no more borrowing for COVID-19 management.Finance Minister Arkhom Termpittayapaisith said the government expects to manage the fresh outbreak and there is sufficient capital in government coffers to cushion the impact.He ...

With no end in sight to the economic downturn caused by the Covid-19 pandemic, the government aims to put much of its aid effort towards fiscal stimulus to prop up the economy, though there are unfavourable consequences to this move.The newly formed Center for Economic ...

Thailand’s cabinet on Tuesday approved a 214 billion baht ($6.87 billion) borrowing plan for a revenue shortfall in the current fiscal year to September, due to the impacts of the coronavirus pandemic, a government official said.The borrowing is part of an adjusted debt management plan ...

Thailand’s increased public debt, attributed to borrowing to sustain economic conditions during the pandemic, remains below the average rate seen in emerging markets, says the Public Debt Management Office.PDMO director-general Patricia Mongkhonvanit said the IMF reported that global public debt has risen by 20% on ...