Cabinet approves B1.5tn borrowing next year
The government will borrow 1.5 trillion baht next year to counter the economic impact from the coronavirus pandemic amid dwindling state revenue.
A cabinet meeting chaired by Prime Minister Prayut Chan-o-cha on Tuesday approved borrowing of 1.47 trillion baht in the fiscal year starting Oct 1, according to a government statement on Tuesday. The fund-raising is seen down 11% from a revised 1.66 trillion baht this year, official data show.
