Finance Ministry unveils green bonds as it seeks ฿900 billion for investment over four years

[webfact]

Reporters on Monday and Tuesday were briefed by both Patricia Mongkhonvanit of the Public Debt Management Office (PDMO) (right) and Finance Minister Arkhom Termpittayapaisith (left)

 

by James Morris and Son Nguyen

 

Kingdom’s finances appear to be sound with a projected debt-to-GDP ratio in 2023 of 60.4% which is extremely prudent by international standards. The fact that over 98% of public debt funding comes from within Thailand also makes the country impervious to turmoil on international markets.  

Thailand has unveiled a range of green, social and sustainability bonds to fund ฿900 billion in investment projects from 2023 to 2027 to boost the economy and competitiveness. It comes as Minister of Finance Arkhom Termpittayapaisith has also signalled that from the middle of next year, after a burst of economic stimulus to support public consumption at the start of the year, it will be business as usual. He said the kingdom will move back towards a balanced budget with sources within the ministry pointing to a need to raise the tax take through a broader base and plugging existing concessions.

 

Thailand’s Minister of Finance has said that the state will provide economic stimulus in early 2023 to boost consumer spending while the economy in 2022 remains on course to grow by between 3% and 3.5%.

 

Full story: https://www.thaiexaminer.com/thai-news-foreigners/2022/10/25/green-bonds-unveiled-seeking-900-billion-baht-finance-ministry/

 

-- © Copyright Thai Examiner 2022-10-26

 

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[ChrisY1]

27 minutes ago, stoner said:

you guys printed this with a straight face ?

They only believe what they're told.....non-investigative journalism going strong in Thailand

[Gknrd]

Thailand is in better shape that the countries around it.  

[RichardColeman]

4 hours ago, webfact said:

Kingdom’s finances appear to be sound with a projected debt-to-GDP ratio in 2023 of 60.4%

Shoe-repairers it will be !

[mikebell]

If you are a wild dog lover; couldn't care less about road safety; or a lack of police and rampant corruption in every walk of life here then these bonds are a good deal.

[hotchilli]

5 hours ago, Gknrd said:

Thailand is in better shape that the countries around it.  

Time will tell.. 

[Sydebolle]

If memory serves me right, Thai Airways accrued 300+ billion (not million) Thai Baht losses and most of these "losses" were due to the fact, that Thai Airways is like a 7/11 without cashiers at the exit, i.e. help-yourself-with-whatever-lies-around and leave the premises. 

That might put the 900 billion Thai Baht into proportions and what are the projection of where the Thai Baht might be in four years from now? 

And I also could not figure out the return-on-investment nor an interest rate ..........