Apr 2011 public debt stands at 41.03% of GDP

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BANGKOK, 21 June 2011 – The Public Debt Management Office (PDMO) has reported that the national public debt as of 30 April 2011 stood at 4.24 trillion baht or 41.03% of the country’s Gross Domestic Product (GDP). 

According to PDMO Director Chakkrit Parapuntakul, out of the total debt, 2.9 trillion baht was directly acquired by the government while about 31.05 billion baht was worth of loans raised by the state-owned Financial Institutions Development Fund (FIDF).

Over 1.06 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 158.19 billion baht.

Compared with March 2011, Thailand’s public debt in April increased by 2.28 billion baht.

Debts directly owed by the government rose by 6.22 billion baht while the debts of non-financial institution state enterprises, financial institution state enterprises with government guarantees and FIDF declined by 1.79 billion baht, 2.15 billion baht and 1.09 million baht respectively.