March’s public debt ups 76.3 billion baht

[rooster59]

March’s public debt ups 76.3 billion baht

 

Thailand’s public debt at the end of March amounted to 6.16 trillion baht, accounting for 42.27 percent of GDP, according to Mr Thirach Attanavanich, advisor to the Public Debt Management Office.

 

The 6.16 trillion baht public debt was divided into the followings: 4.72 trillion baht debt for the government; 962 billion baht debt for state enterprises; 455 billion baht for financial institutions which are state enterprises and 19.4 billion baht debt for state agencies.

 

The public debt in March was 76.3 billion baht higher than the debt in February.

 

Full story: http://englishnews.thaipbs.or.th/marchs-public-debt-ups-76-3-billion-baht/

 

 

-- © Copyright Thai PBS 2017-05-06

[simoh1490]

That's pretty good, debt is down on previous years, as a percentage of GDP:

 

http://www.tradingeconomics.com/thailand/government-debt-to-gdp

[darksidedog]

Interesting that it has risen dramatically since the end of Thaksin though.

[simoh1490]

1 minute ago, darksidedog said:

Interesting that it has risen dramatically since the end of Thaksin though.

The fact that Thaksin was in power at the time of the global economic crash is purely coincidental.

[Srikcir]

14 hours ago, rooster59 said:

The 6.16 trillion baht public debt

I can find 455 billion baht. Sell off the financial institutions which are state enterprises. 

Think of all the subs and tanks that could buy!

[elgordo38]

Not surprising at all as they say consumer confidence is at a 4 month or 4 year high. Its smiles high 5's all around. Get a selfie taken with your friendly bank manager. 

[simoh1490]

5 hours ago, Srikcir said:

I can find 455 billion baht. Sell off the financial institutions which are state enterprises. 

Think of all the subs and tanks that could buy!

 

You men kinda like RBS and Lloyds!

[Stargeezr]

Compared with the USA debt, Thailand is in pretty good shape.  Being in the tropics Thailand has a pretty

good tourist industry yet,  but should not spend all the money they get from just tourism.  Keep the rice farms going and

the other industries going as well

Geezer

[midas]

2 hours ago, Stargrazer9889 said:

Compared with the USA debt, Thailand is in pretty good shape.  Being in the tropics Thailand has a pretty

good tourist industry yet,  but should not spend all the money they get from just tourism.  Keep the rice farms going and

the other industries going as well

Geezer

And it is minuscule compared to Japan at  250.40 percent of  GDP