Thailand to Borrow 500 Billion Baht Without Raising Debt Cap
Thailand can borrow 500 billion baht by October without raising its debt limit. The government also kept a 3.788 trillion baht budget for the 2027 fiscal year.
Xurve View
Insights:
Xurve View
Thailand has the fiscal capacity to borrow up to 500 billion baht ($15.55 billion) by October without breaching its public debt ceiling, according to Finance Minister Ekniti Nitithanprapas. The government is currently evaluating the necessity of an emergency borrowing decree to support economic growth and manage the national budget effectively.
"If we do not borrow, it would be more dangerous for the economy because GDP would contract."
