Thailand hikes public debt-GDP ceiling to 70% to fund recovery
The State Fiscal Policy Committee on Monday approved raising Thailand’s public debt ceiling from 60 per cent to 70 per cent of GDP.
The new limit would be proposed at Tuesday’s Cabinet meeting for approval, said Finance Minister Arkhom Termpittayapaisith.
The committee, which is chaired by Prime Minister General Prayut Chan-o-cha, said it approved the hike in case the government needs to borrow more money in the medium term.
The Nation Reporter
