The Nation looks at what the government intends to do with this additional 560 billion baht.
Under the fiscal 2024 plan, the government plans to incur new debts in three categories, as follows:
1. Government’s new debts, increasing from 97.43 billion baht to 603.21 billion baht, or by 505.77 billion baht. The amount has been significantly adjusted upwards due to the domestic loans of 424 billion baht to compensate for the deficit in fiscal 2024. These loans will also allow disbursement of budgets while the Fiscal 2024 Act has yet to be enacted. That should take place in April.
The rest of the debts in this component are foreign loans to support various government projects. These include highway no 7 connecting U-Tapao International Airport, the public health service development project, the scientific research of Synchrotron Light Research Institute, and a short-term loan for…
