About THB1.1 trillion will be fresh borrowing to mainly finance the budget deficit, while the rest has been earmarked for the refinancing and restructuring of existing debt, she said.
Thailand’s government pledged to ensure its US$78 billion ($100.2 billion) borrowing plan in the next fiscal year won’t crowd out the private sector.
The government plans to raise its borrowing in the fiscal year starting October to THB2.59 trillion ($100.5 billion), the Ministry of Finance’s Public Debt Advisor Jindarat Viriyataveekul told reporters in Bangkok on Wednesday. Bloomberg News earlier reported the data.
