Thailand's Finance Minister Says No Plans to Raise Public Debt Ceiling

Deep News12:40

Thailand will not raise its public debt ceiling, and the current cap of 70% of gross domestic product (GDP) is reasonable, Finance Minister Ekniti Nitithanprapas said.

Speaking at an economic forum on Wednesday, Ekniti said his mission is to lower the ratio of public debt to GDP and to uphold fiscal discipline. Note: As of the end of September, Thailand's public debt stood at 68.6% of GDP.

The government plans to use part of the remaining funds from a 200 billion baht borrowing program to incentivize the transport sector to shift toward greener fuels. Note: The government previously approved the allocation of 73 billion baht from that borrowing program, mainly to fund a subsidy scheme for household rooftop solar installations.

Given rising travel costs and the need to support tourism and attract more foreign visitors, the Finance Ministry has suspended a plan to levy an exit tax of about 1,000 baht.

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Note: The government previously approved the allocation of 73 billion baht from that borrowing program, mainly to fund a subsidy scheme for household rooftop solar installations.Given rising travel costs and the need to support tourism and attract more foreign visitors, the Finance Ministry has suspended a plan to levy an exit tax of about 1,000 baht.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.52.1","shortVersion":"4.52.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1104650626","isCrawlerRequest":true}