Reported 22 days ago
Thailand is set to increase its government borrowing by 8% to $78 billion in the upcoming fiscal year, primarily to stimulate economic growth which has lagged behind other Southeast Asian nations. Of this amount, approximately $33 billion will be new borrowing to cover the budget deficit, while the remainder will be allocated for refinancing existing debt. The government aims to raise spending by 4.2% and projects a budget deficit of 866 billion baht.
Source: YAHOO