The Public Debt Management Office (PDMO) has been asked to consider seeking external loans to diversify lending sources amid higher demand from the private sector amid the Covid-19 crisis, says the Finance Ministry.
External loans should be obtained from international financial institutions as opposed to loans borrowed from overseas money markets, said Finance Minister Arkhom Termpittayapaisith.
The existing borrowing costs of loans from the two sources are roughly the same, said Mr Arkhom.
Of the total public debt worth 7.8 trillion baht or 49.3% of GDP, external debt is valued at 86.8 billion baht. Of the amount, 28.7 billion baht is classified as an external debt for government project…
