Public debt not scary yet, PDMO says
Thailand’s increased public debt, attributed to borrowing to sustain economic conditions during the pandemic, remains below the average rate seen in emerging markets, says the Public Debt Management Office.
PDMO director-general Patricia Mongkhonvanit said the IMF reported that global public debt has risen by 20% on average during the pandemic, due to greater borrowing to withstand the economic impact.
Wichit Chantanusornsiri
