People shop at a market in Taling Chan district of Bangkok on Jan 17, 2021. The government plans to increase borrowing to shore up the economy. (Photo: Varuth Hirunyatheb)
The cabinet on Tuesday approved new borrowing of 1.41 trillion baht in the current fiscal year to September, up from a previous plan of 1.36 trillion baht, a government spokesperson said.
The new debt is part of a wider debt management plan in the fiscal year, which will bring public debt to 62.76% of gross domestic product, still below the 70% limit, Rachada Dhnadirek told a news conference.
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