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Caretaker PM Prayut stated today that his government has already paid off more than Bt2.6 trillion of debt since he assumed power through a coup in 2014.
However, his government has accumulated more than Bt5.3 trillion of debt during the same period.
#Thailand #ประยุทธ์
However, his government has accumulated more than Bt5.3 trillion of debt during the same period.
#Thailand #ประยุทธ์
In 2014, the public debt stood at Bt5.53 trillion, whereas it has now reached Bt10.89 trillion or 61.3% of the GDP as of April 30.
Prayut emphasized that the current debt level remains below the 70% ceiling.
#หนี้สาธารณะ
Prayut emphasized that the current debt level remains below the 70% ceiling.
#หนี้สาธารณะ
However, it was his government that raised the ceiling from 60% to 70% in order to facilitate additional borrowing during the Covid pandemic.
According to Prayut, the debt was incurred due to various factors, including:
According to Prayut, the debt was incurred due to various factors, including:
- Debt inherited from the previous government under the Yingluck administration
- Investments in both soft and hard infrastructures, which account for 75% of the total debt.
- An emergency loan of 1.5 trillion baht taken during the pandemic
- Investments in both soft and hard infrastructures, which account for 75% of the total debt.
- An emergency loan of 1.5 trillion baht taken during the pandemic
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