Thailand's public debt accounts for 41.7% of GDP

Updated: 2011-12-06 16:15

(Xinhua)

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BANGKOK,Thailand - Thailand's Public Debt Management Office director Chakkris Paraphanthakul unveiled on Tuesday that its outstanding public debt at the end of September totaled 4.44 trillion baht ($143.78 billion), or 41.7 percent of gross domestic product (GDP).

The outstanding public debt increased 176.75 billion baht ($5.72 billion) from August, the English website Bangkok Post quoted the director as saying.

He elaborated further that, of the total, 3.18 trillion baht ($102.97 billion) were loans directly acquired by the government, 1.07 trillion ($34.65 billion) by non- financial institution state enterprises, 156.94 billion baht ($5.08 billion) by financial institution state owned firms and 30.44 billion baht ($985.74 million) by the Financial Institutions Development Fund.

A total of 351.13 billion baht ($11.37 billion), or 7.89 percent of the outstanding public debt, were overseas loans and 4.09 trillion baht ($132.45 billion), or 92.11 percent, were domestic ones. Of the total, 4.27 trillion baht ($138. 28 billion), or 96.21 percent, were long term loans and 168.50 billion baht ($5.46 billion), or 3.79 percent, were short term debts, he said.