The country’s burden in terms of loan interest payments over the next five years will not exceed the international standard level, says Patricia Mongkhonvanit, director-general of the Public Debt Management Office (PDMO).
Mrs Patricia said the office closely monitors the ratio of the interest burden to the country’s estimated annual revenue.
She said the ratio is estimated to be 8% as of the end of fiscal 2022 and remain below 10% over the next five years.
The international standard for the ratio is 10% or less.
Mrs Patricia said Thailand has to continue with an expansionary fiscal policy to support economic growth.
During 2015-21, the government invested more than 2.6 trillion baht in 178 mega-projects, covering transport, utilities and energy.
PDMO also developed the 2022-26 public debt management plan to cater to the government’s planned spending of another 840…
