Thailand’s household debt remains high

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Finance Minister Arkhom Termpittayapaisith said support measures would include new funding and debt restructuring.

The Ministry of Finance has indicated that Thailand’s economy is improving, but the country is facing issues with debt and the government will seek to ease problems in the longer term.

Finance Minister Arkhom Termpittayapaisith said support measures would include new funding and debt restructuring.

Household debt in Thailand was about 89% of gross domestic product at the end of March, one of Asia’s highest rates. (NNT)