Government borrowing ‘won't crowd out’ private sector

Quick Summary:

The government will ensure that its borrowing of 2.59 trillion baht for the 2025 fiscal year won’t “crowd out” the fundraising activities of the private sector, a Ministry of Finance official said on Wednesday.

Southeast Asia’s second-largest economy is facing near record-high household debt, sluggish exports and a manufacturing sector weakened by cheap imports, mainly from China.

The first phase, costing about 145 billion baht, is scheduled to start next week.

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Article Details

Category: EconomyBusiness

Markets: ThailandChina

Topics: Budget Fiscal Debt Finance 2025 Baht Officials Trillion Billion Year Borrowing

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-18 @ 14:39:00 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 403 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 26 words per sentence (average)

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

Copyright Owner: © Bangkok Post

News ID: 22576041

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Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 18 posts per day

Year Established: 1946

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News Last Updated: 3 hours ago

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Publisher ID: #66

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