Dec 29, 2012

Thailand projected public debt will peak in 2016 at 49.9% GDP

Office of the Public Dept indicate that it has projected Thailand's public debt status for the next 7 years. Future needs included fund for water management at 350 Billion Baht, and fund for development of public infrastructures at 2 trillion Bahts. The projected public debt would be highest in fiscal year B.E. 2559 (2016) at 49.9% of GDP, from the current level of 43.27% of GDP. That figure is still below a sustainability threshold level at 60% of GDP.

Ref :- news from Thai Post

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