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Public debt stands at 43.85% of GDP

BANGKOK, 4 March 2010 (NNT) – The country’s public debt as of the end of December 2009 stood at 3.96 trillion THB or 43.85% of the GDP, according to the latest report by the Public Debt Management Office.

Out of the total public debt as of the end of December last year, Mr Chakkrit Parapunthakul, Deputy Director of the Public Debt Management Office, stated that the amount of 2.588 trillion THB was a loan directly acquired by the government, 1.097 trillion THB held by non-financial institutional state enterprises, 198.4 billion THB by state enterprises which are financial institutions with government guarantees and 82.63 billion THB by the state-owned Financial Institutions Development Fund (FIDF).

He said the government’s public debt decreased 2.66 billion THB from the previous month, including a 8.17 billion THB decline in non-financial institutions, 3.001 billion THB in financial institutions with government guarantees, and 27 million THB in state-owned Financial Institutions Development Fund (FIDF). However, Mr Jakkrit added that the state’s direct loans in the previous month surged to 8.53 billion THB, while there were no pending debts reported in other state agencies.

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