Thailand Approves 37.5 Billion Borrowing Plan
The Thai cabinet has approved 1.26 trillion baht in new borrowing for the upcoming fiscal year. Public debt is projected to reach 69.7 percent of GDP by September 2027. Officials plan to utilize short-term instruments while bond yields remain elevated.
Xurve View
Insights:
Xurve View
Thailand approved 1.26 trillion baht ($37.5B) in new borrowing for the 2027 fiscal year starting in October, the finance ministry said on Tuesday morning. The borrowing plan lifts the nation's public debt ratio to 69.7% of GDP by September 2027. The ratio edges near the official ceiling of 70%, driven by investment-led policies targeting a 2.5% economic growth rate.
