Fiscal 2025 public debt estimated at 66% of GDP

Quick Summary:

The level of public debt for fiscal 2025 is projected at 66% of GDP, which is below the fiscal sustainability threshold of 70%.

According to Mr Pichai, real GDP growth next year is expected to be around 3%, and when inflation is included, nominal GDP will be close to 5%.

As Thailand has relatively low foreign-currency debt, the risks associated with exchange rates are minimal, said Mr Pichai.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Pichai Government Public Bonds Debt Management Interest Rate Economic Fiscal Inflation

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-19 @ 04:00:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 478 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 22582908

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 1 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 9 hours ago

Coverage Areas: Thailand

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #66

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