snoop1130 Posted August 17, 2021 Share Posted August 17, 2021 BANGKOK (NNT) - The Bank of Thailand (BoT) is urging the government to borrow an additional 1 trillion baht to address the severe economic impacts of the COVID-19 pandemic and to boost the country’s long-term growth prospects. BoT Governor Sethaput Suthiwartnarueput said he considers such state borrowing to be reasonable as the economic impacts of the pandemic are expected to be harder and last longer than the BoT’s earlier assessments and fiscal policy should play a key role in ameliorating lockdown pain and supporting the economy. He said the BoT sees it as reasonable to borrow an additional 1 trillion baht, as lower household incomes and higher unemployment, caused by the outbreak, are the areas which need fiscal support. Such a move would increase the country’s public debt ratio to 70% of GDP by 2024. Mr. Sethaput also said the government should use additional borrowing to boost economic multipliers, such as the existing co-payment and loan guarantee schemes and other subsidy measures, to provide relief from the hardships of the pandemic. -- © Copyright NNT 2021-08-17 - Whatever you're going through, the Samaritans are here for you - Follow ASEAN NOW on LINE for breaking COVID-19 updates Link to comment Share on other sites More sharing options...
ThailandRyan Posted August 17, 2021 Share Posted August 17, 2021 Coming soon to a corner near you more handout boxes made by locals instead of government stimulus. Corruption is to fraught for them to do anything again. 2 Link to comment Share on other sites More sharing options...
Scrotobike Posted August 17, 2021 Share Posted August 17, 2021 $30 billion - a lot of money - deep troughs 2 Link to comment Share on other sites More sharing options...
oznomad Posted August 18, 2021 Share Posted August 18, 2021 Go ahead, grab a few trillion. It will depreciate the THB (good for me). 1 Link to comment Share on other sites More sharing options...
Excel Posted August 18, 2021 Share Posted August 18, 2021 18 hours ago, Scrotobike said: $30 billion - a lot of money - deep troughs What would be the physical weight of $30 billion ? Will it fit into a 747 when people flit this country ? Link to comment Share on other sites More sharing options...
Scrotobike Posted August 18, 2021 Share Posted August 18, 2021 2 hours ago, Excel said: What would be the physical weight of $30 billion ? Will it fit into a 747 when people flit this country ? We can hope but I think they will remain as did the generals of old..... Link to comment Share on other sites More sharing options...
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