Thailand’s household debt reached 16.07 trillion baht by the end of the second quarter of this year, indicating a 3.6% increase compared to the same period last year, according to the National Economic and Social Development Council (NESDC).
Key Takeaways
- Thai Prime Minister Srettha Thavisin has announced a national initiative to address the problem of non-formal debts.
- The Thai government has launched a comprehensive initiative to address non-formal debts as a national priority, aiming to release citizens from the burden of “debt slavery.”
- To tackle rising household debt, special loans will be provided by the Finance Ministry, Government Savings Bank, and the Bank for Agriculture and Agricultural Cooperatives, with the government acting as a mediator between debtors and creditors.
- The initiative aims to adjust debt structures, offer post-process measures, and provide opportunities…
