Public debt up Bt101 bn in April compared to March

[webfact]

Public debt up Bt101 bn in April compared to March
By The Nation

 

BANGKOK: -- Theeraj Athanavanich, a bond market adviser, reported that Thailand’s outstanding public debt as of April 30 was Bt6.26 trillion - or 42.64 per cent of gross domestic product.

 

The total public debt outstanding comprised Bt4.82 trillion of Government debt, Bt972.75 billion state-owned enterprise (SOEs) debt, Bt452.74 billion Government-guaranteed financial SOEs debt and Bt18.43 billion other Government agencies debt.

 

Compared with last month, public debt increased Bt101.37 billion.

 

Government debt outstanding increased Bt95.34 billion compared to March. This change was mainly contributed from the following:

 

• Financing under the Annual Budget Expenditure Act BE 2560 (AD 2017) and for debt management in an amount of Bt69.26 billion for the development and enhancing competitiveness of the country.

 

• Domestic debt to finance infrastructure investment increased Bt1.48 billion, which resulted from an increase in on-lending debt of Bt1.07 billion to the Mass Rapid Transit Authority of Thailand for the Green Line and Blue Line Projects, and an increase in on-lending debt of Bt409.79 million to the State Railway of Thailand for the double-track Chachoengsao-Klong 19-Kaeng Koi Project and the Red Line Mass Transit System Project.

 

• Debt repayments under the Emergency Decree authorising the Ministry of Finance (MoF) to secure loans for the Financial Institutions Development Fund were made in the amount of Bt1.17 billion.

 

• Pre-funding debt increased by Bt25.45 billion. This was for restructuring government bonds issued under the Emergency Decree authorising the MoF to secure loans for the Financial Institutions Development Fund, which will be due in June in an amount of Bt162 billion.

 

• External debt increased Bt312.01 million mainly due to the disbursement and debt repayment of Japanese yen debt and changes in foreign exchange rates.

 

• State-Owned Enterprise debt was at Bt972.75 billion, increasing by Bt9.86 billion. This change was mainly contributed from the followings:

 

• Domestic debt increased Bt4.99 billion. This was mainly from the disbursement of the Electricity Generating Authority of Thailand in an amount of Bt6 billion.

 

• External debt increased Bt4.87 billion, significantly due to Thai Airways International Public Co Ltd aircraft purchases and changes in foreign exchange rates.

 

• Financial state-owned enterprise debt (Government guaranteed) was Bt452.74 billion, decreasing Bt2.83 billion. This change was the resulted of debt repayments by the Bank for Agriculture and Agricultural Co-operatives.

 

• Other government agencies debt was Bt18.43 billion, decreasing Bt994.56 million mainly due to the disbursement and debt repayment of the Office of The Cane and Sugar Fund.

 

• Of the Bt6.26 trillion in public outstanding debt, Bt5.94 trillion was domestic debt (94.90 per cent of total public debt) and Bt319.13 billion was external debt (5.10 per cent of total public debt).

 

• Classified by remaining maturity, long-term debt outstanding was Bt5.41 trillion (86.38 per cent of total public debt), while short-term debt outstanding was Bt853.83 billion (13.62 per cent of total public debt).

 

Full story: http://www.nationmultimedia.com/news/business/EconomyAndTourism/30316718

 

-- © Copyright The Nation 2017-05-30

[Sydebolle]

Well, then the THB 20 trillion tram project in Pattaya should not be a problem either ;-) 

[connda]

Can't wait until the day when Thai banks 'socialize' all debt during the next financial hiccup. Bail-ins: Cyprus on steroids.  

[Happyman58]

We may have another Greece coming up here soon Who is going to bail out Thailand?

[simoh1490]

1 minute ago, Happyman58 said:

We may have another Greece coming up here soon Who is going to bail out Thailand?

Rubbish, not even remotely close. Do you have any idea how much Thailand has by way of foreign currency reserves? USD 186 billion, more than most western countries: https://www.bot.or.th/english/statistics/economicandfinancial/pages/statinternationalreserves.aspx

 

At to days exchange rate when the Baht is very strong, those reserves total almost 5 trillion baht, imagine their value in THB if the baht were to weaken say to 36 or 38!

[Cadbury]

24 minutes ago, simoh1490 said:

Rubbish, not even remotely close. Do you have any idea how much Thailand has by way of foreign currency reserves? USD 186 billion, more than most western countries: https://www.bot.or.th/english/statistics/economicandfinancial/pages/statinternationalreserves.aspx

 

At to days exchange rate when the Baht is very strong, those reserves total almost 5 trillion baht, imagine their value in THB if the baht were to weaken say to 36 or 38!

Foreign currency reserves is one thing; not so easy suck that out of the system. Domestic currency reserves is another thing.

The military have plundered the local baht reserves to satisfy their needs to stay in power and buy their war toys.

[Stargeezr]

No problem just print more money like America does. Nice simple solution.  Except the payng back the debt part. 

[simoh1490]

7 hours ago, Cadbury said:

Foreign currency reserves is one thing; not so easy suck that out of the system. Domestic currency reserves is another thing.

The military have plundered the local baht reserves to satisfy their needs to stay in power and buy their war toys.

And what local baht reserves have they plundered? Please don't tell me you're going to say the Treasury Reserve Account!

[Happyman58]

13 hours ago, simoh1490 said:

Rubbish, not even remotely close. Do you have any idea how much Thailand has by way of foreign currency reserves? USD 186 billion, more than most western countries: https://www.bot.or.th/english/statistics/economicandfinancial/pages/statinternationalreserves.aspx

 

At to days exchange rate when the Baht is very strong, those reserves total almost 5 trillion baht, imagine their value in THB if the baht were to weaken say to 36 or 38!

oh good they can buy those subs then cash

[simoh1490]

Just now, Happyman58 said:

oh good they can buy those subs then cash

That's not what foreign currency reserves are for!

[MyFriend You]

13 hours ago, Happyman58 said:

We may have another Greece coming up here soon Who is going to bail out Thailand?

They will impose a 10,000 baht tax on all expats residing in Thailand more than ninety days.