Thailand raises public debt ceiling to fight COVID-19 outbreak

21-Sep-2021 Intellasia | MarketScreener | 5:02 AM Print This Post

Thailand has increased the ceiling of its public debt-to-gross domestic product (GDP) ratio to 70 percent from 60%, the finance minister said on Monday, allowing the government to raise more funds to help a struggling economy amid a coronavirus outbreak.

The move will provide room for the government to borrow more for fiscal policies if required, while maintaining its debt servicing ability, Finance minister Arkhom Termpittayapaisith said in a statement. 36464394/


Category: Thailand

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