Would more debt fix the economy?

Quick Summary:

A total of seven emergency loan decrees were issued from 1998 to 2021, authorising combined borrowings of 3.83 trillion baht to address various economic crises, including the Asian financial crisis and the Covid-19 pandemic.

The burden of public debt relative to government revenue in a given fiscal year must not exceed 35% (as of September 2024, it was 35.1%).3.

Also in 1998, another decree allowed borrowing of up to 500 billion baht to support the Financial Institutions Development Fund to address the financial crisis that affected public confidence in the financial system.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Budget Baht Economic Borrowing Debt Decree Public Government Emergency Must Fiscal

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-17 @ 06:32:00 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 1384 words

Reading Time: 8 minutes read

Sentences: 49 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 28754208

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 18 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 11 hours ago

Coverage Areas: Thailand

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #66

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