The government is now focusing on tackling the country’s formal debt problem, totalling about 16 trillion baht or 90% of GDP. This form of indebtedness is affecting about five million people and about 100,000 small and medium-sized enterprises.
Speaking during a press conference at Government House today, Prime Minister Srettha Thavisin said the debtors will be separated into four groups.
The first group are debtors who were directly affected by COVID-19 pandemic. The second group are those who have fixed incomes but are overloaded with debt which they are unable to service. The next group are those who have uncertain incomes, making it impossible to service their debts on a regular basis, and the fourth group are those who have had bad debts for a long time.
For the first group, he said that the debtors must be given help to free them from indebtedness or offered a debt…
