Cabinet Approves Public Debt Plan Adjustment, Raises New Borrowing to 1.48 Quadrillion Baht Within Ceiling
Thailand's Cabinet raised new public borrowing to 1.48 quadrillion baht for fiscal 2569, staying within the 70% GDP debt ceiling at 68.03%, with funds allocated to emergency projects and fuel price stabilization.
The Cabinet approved adjustments to Thailand's public debt management plan for fiscal year 2569, according to government spokeswoman Ratchada Thanadirek following the May 19, 2569 cabinet meeting. New borrowing has been set at 1.48 quadrillion baht, an increase of 221 billion baht from the previous plan. Existing debt management was adjusted to 1.62 quadrillion baht, a reduction of 23.9 billion baht, while debt repayment was increased by 27.6 billion baht to a total of 561 billion baht. Key projects include 200 billion baht in borrowing under emergency decree provisions and 20 billion baht in long-term loans to support the fuel oil fund's liquidity for maintaining stable domestic fuel prices. The spokeswoman stated that the adjustment remains within legal and regulatory frameworks, with projected public debt reaching 68.03% of GDP after the adjustment, staying below the 70% ceiling.
