How the debt problem has become a major concern in Thailand

Thailand’s household debt reached 16.2 trillion baht by the end of last year, with approximately one trillion baht classified as non-performing loans, posing a significant risk to the economy.

The Prime Minister Srettha Thavisin has reaffirmed the government’s commitment to addressing both formal and informal debt issues within the 4-year term of his administration. He emphasized that the progress made in the past two months reflects the sincere intention of his administration to offer assistance to individuals facing debt challenges.

Government’s Determination to Resolve Debt Problems

• Prime Minister Thavisin is committed to addressing both formal and informal debt issues within his 4-year term, targeting various debtor groups for assistance.
• Thailand’s household debt reached 16.2 trillion baht by the end of last year, with approximately one trillion baht classified as…