Thailand’s Finance Ministry disclosed in the Royal Gazette that the nation’s public debt surged to 11.474 trillion baht or 63.67% of its GDP by the end of March. This marked an increase from 11.131 trillion baht, equivalent to 62.14% of GDP, recorded at the end of September.
The breakdown of the debt revealed government debt of 10.087 trillion baht, state enterprise debt of 1.072 trillion baht, government guarantees for financial sector state firm loans of 202.269 billion baht, and debt from other state agencies amounting to 111.874 billion baht. The data showed that 84.5% of the total debt had a maturity date exceeding one year, with the remaining 1.778 trillion baht due within a year.
Additionally, foreign currency loans accounted for 141.359 billion baht, representing 1.23% of the outstanding debt, while the bulk of the debt was denominated in the local currency.
