Thailand to boost borrowing by 8% to US$78 bil to spur growth
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Thailand plans to increase government borrowing by 8% to US$78 billion for the fiscal year starting October 2024; approximately 1.1 trillion baht (RM141.57 billion) will be new borrowing for budget deficit financing; the remainder will refinance existing debt; Prime Minister Paetongtarn Shinawatra emphasizes urgent economic stimulus; Thailand's economy has averaged 1.9% growth over nearly a decade; government bond sales will raise about 1.3 trillion baht; budget deficit projected at 866 billion baht; government plans to auction 322 billion baht of bonds from October to December 2024.
#Thailand #Borrowing #Economy #Growth #GovernmentBonds #PaetongtarnShinawatra #BudgetDeficit #Finance #PublicDebt #SoutheastAsia
https://theedgemalaysia.com/node/726917
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