Public debts in May reduce by 51.3 billion baht

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BANGKOK, 8 July 2014 – Public debts during the month of May have dropped by 51.3 billion baht due to reduced debt levels in the government sector. 

Chularat Suteethorn, the Director of the Public Debt Management Office, revealed that the total public debt in May stood at 5.53 trillion baht, accounting for 45.9 percent of the country’s GDP.

Out of that number, 3.9 trillion baht were debts raised by the government, 1.08 trillion by state enterprises which are non-financial institutions, 531 billion by state enterprises which are financial institutions, and 3,652 million by other state agencies.

When compared to the month of April, government debts fell by 49.5 billion baht in May, and the debts of other state agencies reduced by 251 million baht.