Public debt down B56.7bn

Net public debt fell by 56.7 billion baht in October from the previous month, the Public Debt Management Office reported on Thursday.

Outstanding public debt totalled 5.37 trillion baht as of Oct 31, or 45.28% of gross domestic product (GDP), director-general Chularat Sutheethorn said.

Government debt accounted for 3.76 trillion baht of the total public debt, while 1.08 trillion baht related to non-financial institution state enterprises, 561.73 billion baht to financial institution state enterprises and 834.69 million baht to other state agencies, she said.

Government debt actually dropped by 5.57 billion baht, debts of non-financial institution state enterprises went down by 25.96 billion baht and debts of financial institution state enterprises also declined 25.20 billion baht, said Ms Chularat.

Debts of other state agencies remained unchanged and the Financial Institutions Development Fund (FIDF) had no outstanding debt, she added.

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Discussion 1 : 09/01/2014 at 10:19 PM
Outstanding public debt as Sept. 2011 totaled 4.44 trillion baht, 41.66 % of GDP. Gov change end AUG 2011. Outstanding public debt totalled 5.37 trillion baht or 45.28% of GDP as of Oct 31, 2013 . The real truth is that in 2 years the Yinglick gov increased the debt by about 1 trillion or 1000 bilion baht. And they want to continue this insanity for water scheme and infrastructure with more and more trillions in debt. And who will pay back these huge debts ? The big boss in Dubai or our chlidren ?
Discussion 2 : 09/01/2014 at 02:02 PM
How is this possible without some sort of manipulation of figures. With the liquidity of the BAAC in doubt due to its recent further borrowings of some 215 billion baht to pay the rice farmers it will not take long for them to be unable to pay for only a small part of the current crop. Add to that household debt at over 80% of GDP, much of it non-performing, and the country is on its knees. Robbing Peter to pay Paul doesn't work in this situation.
Discussion 3 : 09/01/2014 at 01:50 PM
I know how to end the protest. Dont send the police send the department of revenue and watch them scatter like mice.
Discussion 4 : 09/01/2014 at 01:46 PM
But the yellow shirts keep saying we're going bankrupt? For reference, Thaksin lowered debt from 58% to 41%.

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