Bangkok: The Prime Minister is taking swift action to find financial resources to stimulate Thailand's economy following a report on the country's increasing public debt, which has reached 11.7 trillion baht, representing 64.02% of the GDP. According to Thai News Agency, Mr. Jirayu Huangsap, advisor to the Prime Minister and spokesman for the Prime Minister's Office, disclosed on the "Sai Jak Jai Thai Khu Fa" program aired by the National Broadcasting Services of Thailand that the Cabinet has reviewed the public debt figures as of August 31, 2024. The debt level of 11.7 trillion baht, accounting for 64.02% of GDP, remains within the permissible range, which should not exceed 70%. The administration led by Ms. Paethongtarn Shinawatra is prioritizing the generation of revenue and the stimulation of the domestic economy as urgent measures. The focus is on revitalizing key economic sectors such as tourism, trade, and imports and exports to bolster economic growth.
