BANGKOK, Thailand – The Ministry of Finance has instructed the Public Debt Management Office (PDMO) to establish a special unit to oversee the government’s 400-billion-baht energy crisis loan fund.
The unit will monitor spending efficiency, debt risks, and compliance with fiscal discipline regulations to ensure projects financed under the borrowing plan deliver clear public and economic benefits. All projects funded through the scheme must demonstrate urgency, support Thailand’s transition toward cleaner energy, and reduce dependence on imported energy sources.
The ministry said the oversight mechanism will also monitor public debt conditions following the sharp increase in borrowing since the COVID-19 pandemic. The unit will operate under the provisions of the State Fiscal and Financial Discipline Act, which requires the government to maintain debt risks within safe levels and to assess whether borrowed funds provide sufficient value and realistic project outcomes.
The administration expects the new unit to begin operations this month, ahead of planned borrowing activities in June. It added that effective debt monitoring and fiscal management remain important for maintaining investor confidence, protecting Thailand’s sovereign credit standing, and supporting long-term economic stability. (NNT)
