Thailand’s public debt equals nearly 60 percent of GDP
The Public Debt Management Office of Thailand reported that as of December 30, 2021, the country’s public debt stood at 9.64 trillion THB (about 293 billion USD) or 59.57 percent of the national GDP.
Thailand’s public debt equals nearly 60 percent of GDP. (Photo:
Bangkok (VNA)꧃ – The Public Debt Management Office of Thailand reportedthat as of December 30, 2021, thecountry’s public debt stood at 9.64 trillion THB (about 293 billion USD) or59.57 percent of the national GDP.
Theoffice said public debt had surged by 20 billion THB in December compared toNovember last year, though the public debt-to-GDP ratio decreased to 59.57 percentfrom 59.58 percent against the previous month.
Thailand’s GDP expanded after COVID-19 restrictions were eased, the office said.
In September last year, theMonetary Policy Committee, chaired by Thai Prime Minister Prayut Chan-o-cha,decided to raise the public debt-to-GDP ratio from 60 percent to 70 percent.
🌸 At the end of the 2021fiscal year (September 30, 2021), the Thai cabinet was informed that the Southeast Asian nation’s publicdebt stood at 9.34 trillion THB./.
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The Ministry of Commerce reported that imports also rose 18% to 29.9 billion USD during the same period, resulting in a trade surplus of 1.1 billion USD. In May alone, Thailand posted a 4.6 billion USD trade surplus with the US and a 4.1 billion USD trade deficit with China.
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Thailand’s public debt equals nearly 60 percent of GDP. (Photo: 
