Just to be correct. The FIDF debt the BoT had been handed begin of this year was 1.14 trillion only, not 1.4

http://www.thaivisa....th-fidf-decree/

Maybe it grew

Can't be, impossible. I do believe BoT Governor Dr Prasarn Trairatvorakul who said the below (full text in link provided before).

"The executive decree regarding the repayment of the FIDF debt, which became effective on Thursday, authorises the BOT to collect more premiums from financial institutions, implying that the burden is transferred to the financial institutions.

'We can manage'"

Just to be correct. The FIDF debt the BoT had been handed begin of this year was 1.14 trillion only, not 1.4

http://www.thaivisa....th-fidf-decree/

Maybe it grew

Can't be, impossible. I do believe BoT Governor Dr Prasarn Trairatvorakul who said the below (full text in link provided before).

"The executive decree regarding the repayment of the FIDF debt, which became effective on Thursday, authorises the BOT to collect more premiums from financial institutions, implying that the burden is transferred to the financial institutions.

'We can manage'"

Big carpet

Lets see if I have this right. "debt as of October this year was Bt4.82 trillion (about US$156 billion) or 43.27 per cent of the gross domestic product (GDP)." Now the PTP"... government’s plan to seek Bt2 trillion loans will raise the country’s public debt to 49.9". So that is a 40% increase in debt but only equates to 12% per cent of GDP. Now thats what I call creative arithmetic.

What numbers are you using for GDP in 2016?

As far as I can see the only growth in GDP for the next few years will be through debt.

Lets see if I have this right. "debt as of October this year was Bt4.82 trillion (about US$156 billion) or 43.27 per cent of the gross domestic product (GDP)." Now the PTP"... government’s plan to seek Bt2 trillion loans will raise the country’s public debt to 49.9". So that is a 40% increase in debt but only equates to 12% per cent of GDP. Now thats what I call creative arithmetic.

What numbers are you using for GDP in 2016?

As far as I can see the only growth in GDP for the next few years will be through debt.

Your opinion is shared by no one. It would be considered in the lunatic fringe by any economist even beginning students of economics anywhere. So no more replies to you. You are simply not able to discuss the issues in an objective realistic manner.

http://www.google.co...alse&q=thai gdp

So we should work out debt as a percentage of what some lying mongrel says he expects we will be earning in 4 years time? Must try that on my bank manager.

Without resorting to "counting chickens", may I point out that my expectations of earnings from my resources stocks 4 years ago is somewhat higher then present. I won't talk about capital value as I might start crying again.

So we should work out debt as a percentage of what some lying mongrel says he expects we will be earning in 4 years time? Must try that on my bank manager.

Without resorting to "counting chickens", may I point out that my expectations of earnings from my resources stocks 4 years ago is somewhat higher then present. I won't talk about capital value as I might start crying again.

Stock Exchange of Thailand up 36% this year. Were you in? What market were you in?

Edited December 29, 201213 yr by chiangmaikelly

So we should work out debt as a percentage of what some lying mongrel says he expects we will be earning in 4 years time? Must try that on my bank manager.

Without resorting to "counting chickens", may I point out that my expectations of earnings from my resources stocks 4 years ago is somewhat higher then present. I won't talk about capital value as I might start crying again.

Stock Exchange of Thailand up 36% this year. Were you in? What market were you in?

If you can't get your stolen millions out of the country, it has to go somewhere. My money, anywhere BUT Thailand, I've been here long enough to observe their business practises.

I notice you diverted from the point re the validity of expectations, and of "white lie" economics.

So we should work out debt as a percentage of what some lying mongrel says he expects we will be earning in 4 years time? Must try that on my bank manager.

Without resorting to "counting chickens", may I point out that my expectations of earnings from my resources stocks 4 years ago is somewhat higher then present. I won't talk about capital value as I might start crying again.

Stock Exchange of Thailand up 36% this year. Were you in? What market were you in?

If you can't get your stolen millions out of the country, it has to go somewhere. My money, anywhere BUT Thailand, I've been here long enough to observe their business practises.

I notice you diverted from the point re the validity of expectations, and of "white lie" economics.

The Thailand SET 100 Index is a capitalization-weighted index based on the top 100 stocks listed on the Bangkok SET.

It has had a range this year of 1,554.22 - 2,098.81. Year to date it is up 33.30% You know what they say about, "money talks and BS walks?"

Now what was your point?

Of course a 50% debt level is manageable.

Edited December 29, 201213 yr by chiangmaikelly

This article is meaningless without any definition of government debt. Thailand like China and other countries conceals a lot of government debt so it won't show up in stats. The populist schemes are stuffed into state banks that are facing technical insovency and will need to be bailed out eventually. Government hospitals are technically bankrupt due to the universal healthcare scheme but the government forces state banks to bail them out. the massive 3 trn bill for bailing out financial institutions has been dumped on the Bank of Thailand so it can be declassified as government debt and never repaid. It is important to look at all government debt obligations not just what the government chooses to declare.

We saw the result of lying about official financial condition in 1997 when the Bank of Thailand kept on lying about its foreign reserves by refusing to disclose the net forward positions which were negative until the foreign reserves were close to all gone and they were forced to give up the bluff and fold their hand. The result of that was devaluation and recession that caused great hardship to the poorest sections of society. No one was ever punished for incompetence or lying.

This article is meaningless without any definition of government debt. Thailand like China and other countries conceals a lot of government debt so it won't show up in stats. The populist schemes are stuffed into state banks that are facing technical insovency and will need to be bailed out eventually. Government hospitals are technically bankrupt due to the universal healthcare scheme but the government forces state banks to bail them out. the massive 3 trn bill for bailing out financial institutions has been dumped on the Bank of Thailand so it can be declassified as government debt and never repaid. It is important to look at all government debt obligations not just what the government chooses to declare.

We saw the result of lying about official financial condition in 1997 when the Bank of Thailand kept on lying about its foreign reserves by refusing to disclose the net forward positions which were negative until the foreign reserves were close to all gone and they were forced to give up the bluff and fold their hand. The result of that was devaluation and recession that caused great hardship to the poorest sections of society. No one was ever punished for incompetence or lying.

You don't think that Standard and Poors and Moodys know the actual level of Thai Public debt?

So we should work out debt as a percentage of what some lying mongrel says he expects we will be earning in 4 years time? Must try that on my bank manager.

Without resorting to "counting chickens", may I point out that my expectations of earnings from my resources stocks 4 years ago is somewhat higher then present. I won't talk about capital value as I might start crying again.

Stock Exchange of Thailand up 36% this year. Were you in? What market were you in?

If you can't get your stolen millions out of the country, it has to go somewhere. My money, anywhere BUT Thailand, I've been here long enough to observe their business practises.

I notice you diverted from the point re the validity of expectations, and of "white lie" economics.

The Thailand SET 100 Index is a capitalization-weighted index based on the top 100 stocks listed on the Bangkok SET.

It has had a range this year of 1,554.22 - 2,098.81. Year to date it is up 33.30% You know what they say about, "money talks and BS walks?"

Now what was your point?

Of course a 50% debt level is manageable.

The point was that 50% is the figure calculated on EXPECTED GDP.

Stock Exchange of Thailand up 36% this year. Were you in? What market were you in?

If you can't get your stolen millions out of the country, it has to go somewhere. My money, anywhere BUT Thailand, I've been here long enough to observe their business practises.

I notice you diverted from the point re the validity of expectations, and of "white lie" economics.

The Thailand SET 100 Index is a capitalization-weighted index based on the top 100 stocks listed on the Bangkok SET.

It has had a range this year of 1,554.22 - 2,098.81. Year to date it is up 33.30% You know what they say about, "money talks and BS walks?"

Now what was your point?

Of course a 50% debt level is manageable.

The point was that 50% is the figure calculated on EXPECTED GDP.

So?

'White-lie' time once again !

The new government cuts corporate-tax & lately income-tax, then proposes to resort to borrowing, to fund their continuing rice-scam & new car-rebates. This is before any serious infrastructure-spending (high-speed trains by 2015, expanding-Swampy or flood/irrigation-projects, for example ?) has taken-place.

But why worry ... it's only public money/debt, after all ? !

Yay for Red Economics Thaksinomics v.3.0 !

Well if you stop and think about it makes sense.

All there support comes from people who look at what they spend and are completely clueless as to the need for money to come into the government.

Edited December 29, 201213 yr by hellodolly

and what's a trillion-or-two shared out amongst friends ?

All Aboard The Red Gravy-Train !

Just remember to abandon-ship before the bill comes in !

and what's a trillion-or-two shared out amongst friends ?

All Aboard The Red Gravy-Train !

Just remember to abandon-ship before the bill comes in !

What is the percent of public debt in your home country compared to Thailand?

and what's a trillion-or-two shared out amongst friends ?

All Aboard The Red Gravy-Train !

Just remember to abandon-ship before the bill comes in !

What is the percent of public debt in your home country compared to Thailand?

In May, Federal Treasuer Wayne Swan released the 2011-12 Mid-Year Economic and Fiscal Outlook (MYEFO). ^[2] In 2011-12, the Australian Government general government sector recorded an underlying cash deficit of $43.7 billion (3.0 per cent of Gross domestic product). ^[3] The fiscal balance was in deficit by $44.5 billion (3.0 per cent of GDP).

Australian Government general government sector net debt was $147.3 billion (10.0 per cent of GDP), which was $4.8 billion higher than estimated at the time of the 2012-13 Budget.

But what the hell does this have to do with Thailand?

The government may have some money to spend for two years, as debt has not yet reached an alarming level. But after that, many economists doubt it will have money to spend. Currently, public debt is about 41 per cent of GDP. It would be dangerous if it shot up to 50 per cent of GDP.

The government presented a false premise to voters – low taxes but generous welfare

Edited December 29, 201213 yr by waza

and what's a trillion-or-two shared out amongst friends ?

All Aboard The Red Gravy-Train !

Just remember to abandon-ship before the bill comes in !

What is the percent of public debt in your home country compared to Thailand?

In May, Federal Treasuer Wayne Swan released the 2011-12 Mid-Year Economic and Fiscal Outlook (MYEFO). ^[2] In 2011-12, the Australian Government general government sector recorded an underlying cash deficit of $43.7 billion (3.0 per cent of Gross domestic product). ^[3] The fiscal balance was in deficit by $44.5 billion (3.0 per cent of GDP).

Australian Government general government sector net debt was $147.3 billion (10.0 per cent of GDP), which was $4.8 billion higher than estimated at the time of the 2012-13 Budget.

But what the hell does this have to do with Thailand?

I would tell you except I told you I would not respond to you anymore and besides your name is not Ricardo whom the question was directed to.

and what's a trillion-or-two shared out amongst friends ?

All Aboard The Red Gravy-Train !

Just remember to abandon-ship before the bill comes in !

What is the percent of public debt in your home country compared to Thailand?

This is about Thailand, nothing to do with the price of eggs in China. Just because it is high elsewhere does that make it right? Next stop quantitative easing.

It all comes down to a combination of factors, like public debt, GDP, debt/GDP ratio, scientific approach to guestimate what will happen in the coming years. Thailand seems stable on a A-/BBB+ local/foreign currency-wise.

The growth of the GDP this year (5.5 - 5.7%) seems for a larger part the result of local policies (price pledging, reduced corp. tax, first-car scheme, flood damage solving, etc.). Next year another round of 400 billion price pledging, all on at least a minimum of 300B/d. Exports? Well, hopefully stable as the West is still struggling along and countries in the region start to feel some pain.

All in all enough reason to be a bit cautious.

and what's a trillion-or-two shared out amongst friends ?

All Aboard The Red Gravy-Train !

Just remember to abandon-ship before the bill comes in !

What is the percent of public debt in your home country compared to Thailand?

This is about Thailand, nothing to do with the price of eggs in China. Just because it is high elsewhere does that make it right? Next stop quantitative easing.

Public debt in fact every economic statistic is only valid when compared to other countries. That is the function of rating agencies to compare economies with one another. Nothing would make any sense unless it could be compared. The price of gold for example is different in every currency. The amount of public debt is rated as good or bad not because of a particular amount but because of because how it compares with other countries.

and what's a trillion-or-two shared out amongst friends ?

All Aboard The Red Gravy-Train !

Just remember to abandon-ship before the bill comes in !

What is the percent of public debt in your home country compared to Thailand?

In May, Federal Treasuer Wayne Swan released the 2011-12 Mid-Year Economic and Fiscal Outlook (MYEFO). ^[2] In 2011-12, the Australian Government general government sector recorded an underlying cash deficit of $43.7 billion (3.0 per cent of Gross domestic product). ^[3] The fiscal balance was in deficit by $44.5 billion (3.0 per cent of GDP).

Australian Government general government sector net debt was $147.3 billion (10.0 per cent of GDP), which was $4.8 billion higher than estimated at the time of the 2012-13 Budget.

But what the hell does this have to do with Thailand?

I would tell you except I told you I would not respond to you anymore and besides your name is not Ricardo whom the question was directed to.

I guess you lied