Jun 2011 public debt stands at 40.69% of GDP

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BANGKOK, 31 August 2011  – The Public Debt Management Office (PDMO) has reported that the national public debt as of 30 June 2011 stood at 4.26 trillion baht or 40.69% of the country’s Gross Domestic Product (GDP). 

According to PDMO Director Chakkrit Parapuntakul, 3 trillion baht of the total debt was directly acquired by the government, while 30.525 billion baht’s worth of loans was taken out by the state-owned Financial Institutions Development Fund (FIDF).

Over 1.07 trillion baht was in the form of loans raised by non-financial institution state enterprises, while the debt figure of financial institution state enterprises with government guarantees accounted for 158.305 billion baht.

Compared with May 2011, Thailand’s public debt in June increased by 15.871 billion baht.

Debts owed by the government and FIDF fell by 16.265 billion and 56.86 million baht respectively, while the debts of non-financial institution state enterprises and financial institution state enterprises with government guarantees rose by 352.22 and 98.15 million baht respectively.