Thailand considers raising public debt ceiling to unlock $30 billion in borrowing. The government may lift its voluntary debt cap from 70% to 75% of GDP, enabling approximately 1 trillion baht in fresh borrowing to support economic recovery amid global energy pressures. Officials from the finance ministry and Prime Minister's office are discussing the proposal, which requires approval from the fiscal and monetary policy committee. The move would provide additional funding to implement measures designed to cushion the economy from external shocks. While details on how new funds would be allocated remain unclear, the government has indicated it will carefully evaluate all available options to address current economic challenges and ease public hardship during this difficult period.
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