Jump to content

Cabinet Approves Debt Management Plan


snoop1130

Recommended Posts

47fca7475e5192091cd77725c52ab29c.jpg

 

BANGKOK (NNT) - The Cabinet has approved the first adjustment of the public debt management plan for the 2024 fiscal year. 

 

The plan includes:

1. An increase in new debt plans from 560.27 billion baht to 754.71 billion baht

2. An adjustment in existing debt management from 387.75 billion baht to 2 trillion baht

3. An increase in debt repayment plans from 9.07 billion baht to 399.61 billion baht

 

The Cabinet acknowledged a five-year medium-term borrowing requirement plan from the 2024 - 2028 fiscal years, assigning relevant ministries to coordinate with the state enterprises under their supervision. If readiness is lacking, plans are to be adjusted to expedite investment in state infrastructure. The Ministry of Finance is tasked with considering borrowing methods, loan conditions, guarantees, and risk management. State enterprises capable of borrowing on their own are allowed to proceed as appropriate and necessary for their operations.

 

Furthermore, the Public Debt Management Policy Committee previously agreed to increase the borrowing limit to compensate for the budget deficit by 424 billion baht. It also approved an increase in the loan restructuring amount due in the 2025 - 2028 fiscal years by 399 billion baht, as well as an increase in short-term borrowing in the form of a credit line to extend the short-term loans of the Electricity Generating Authority of Thailand by 30 billion baht.

 

By Naark Rojanasuvan

 

Full story: NNT 2024-02-14

 

- Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here.

 

Get our Daily Newsletter - Click HERE to subscribe

 

Join us now!

  • Thumbs Up 1
Link to comment
Share on other sites

9 hours ago, snoop1130 said:

The plan includes:

1. An increase in new debt plans from 560.27 billion baht to 754.71 billion baht

2. An adjustment in existing debt management from 387.75 billion baht to 2 trillion baht

3. An increase in debt repayment plans from 9.07 billion baht to 399.61 billion baht

It looks like they're not trying to balance the books but just stalling repayment and just digging a deeper grave.

I feel sorry for the next generation of young folks that will have deal with this....

  • Like 1
Link to comment
Share on other sites

3 hours ago, flyingtlger said:

It looks like they're not trying to balance the books but just stalling repayment and just digging a deeper grave.

I feel sorry for the next generation of young folks that will have deal with this....

Low wages, high cost of living and they wonder why young families aren't having children?

 

  • Agree 1
Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.



×
×
  • Create New...