Thailand approves $6.9 bln borrowing plan for revenue shortfall from COVID-19
Thailand’s cabinet on Tuesday approved a 214 billion baht ($6.87 billion) borrowing plan for a revenue shortfall in the current fiscal year to September, due to the impacts of the coronavirus pandemic, a government official said.
The borrowing is part of an adjusted debt management plan which now sees net new debt of about 1.66 trillion baht, up from about 1.5 trillion baht, plus some debt reductions, deputy government spokeswoman Rachada Dhnadirek told a briefing.
