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.

https://www.marketscreener.com/news/latest/Thailand-raises-public-debt-ceiling-to-fight-COVID-19-outbreak 36464394/

 

Category: Thailand

Print This Post

Leave a Reply

You must be logged in to post a comment.