Thai public debts at 41.06% of GDP in January 2012

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BANGKOK, 11 April 2012  – Thailand’s public debts stood at more than 40 percent of GDP during the first month of this year, according to official data.

Public Debt Management Office (PDMO) Director-General Chakkrit Parapuntakul said on Tuesday that the country’s outstanding public debts as of January 31, 2012 totaled 4.362 trillion baht, or 41.06 percent of Thai GDP.

Mr. Chakkrit said that, out of this, 3.117 trillion baht belongs to the government, while 1.077 trillion is the responsibility of non-financial state enterprises with the remainder being financial state enterprise debts.

When compared with the same month of last year, the PDMO chief said that Thailand’s public debts increased slightly, by 64.46 billion baht.

The increase represents a rise in governmental, non-financial and financial state enterprise office debts by 28.66 billion, 16.88 billion and 18.90 billion baht, respectively.

However, Mr. Chakkrit stated that the January-12 public debt level was higher than in December 2011 by 5.46 billion baht because of the stronger baht that led to a fall in foreign debts.