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Public debts rise by 13 billion baht

Public debts rise by 13 billion baht

Public debts in February increased by over 13 billion baht, most of which stemmed from additional loans sought by the government, according to the Public Debt Management Office.
Pongpanu Savettarun, the office’s director-general, said the public debts as of the end of February stood at 3.17 trillion baht or 37.59 per cent of the country’s gross domestic product (GDP).
Of this, 1.99 trillion baht are debts owed directly by the government, 902.82 billion baht by non-financial institution state enterprises, 227.58 billion baht by the Financial Institutions Development Fund, and 49.22 billion baht by other state agencies.
By comparison with those of the previous month, the public debts rose by 13.63 billion baht.
Debts owed by the government rose by 23.46 billion baht while those by non-financial institution state enterprises, FIDF, and other state agencies dropped by 2.16 billion baht, 4.69 billion and 2.99 billion respectively.
Of the total public debts, 2.71 trillion baht or 85.3 per cent are local debts, and 464.69 billion baht or 14.65 per cent are foreign debts.
He said as of the end of February the Finance Ministry had refinanced loans sought from the World Bank and the Asian Development Bank by US$348 million or 10.79 billion baht.
The ministry had sought local loans of 10.5 billion baht by issuing bonds and borrowing, and set aside 292 million baht of the additional debt repayment budget to back the refinancing. It resulted in a decrease in the outstanding debts by 291 million baht and interest burdens by 87 million baht.
At the same time, state-owned Expressway and Rapid Transit Authority of Thailand, Bangkok Mass Transit Authority and National Housing Authority had rolled over 4.97 billion baht of debts. (TNA)