Taming Thai Household debt – Thailand Business News

Thailand’s household debt has reached 90% of its GDP, posing a challenge for the central bank. The country’s political transition and uncertainty over the formation of a new government may further hinder efforts to address the issue.

Key Takeaways

• Thailand’s household debt has reached 90% of its GDP, posing a major challenge for the country’s central bank.
• The uncertain political transition and potential formation of a new government have left the financial industry and market watchers bracing for policy paralysis.
• Addressing the escalating debt problem in both the public and household sectors requires careful fiscal management, including potential tax increases and securing new sources of revenue.

Financial Education and Awareness

According to NNT government news agency, the Ministry of Finance requires that the implementation of debt restructuring procedures become a…