Increase in public debt ceiling raises questions on government’s competence

Finance Minister Arkhom Termpittayapaisith recently announced that the government needed to increase the public debt ceiling to 70 percent of gross domestic product (GDP) from 60 percent. The remarks came…

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Thailand raises public debt ceiling to 70% of GDP

Thailand has decided to increase its public debt ceiling to gross domestic product (GDP) ratio to 70%, from the current 60%, to allow the government to borrow more to rehabilitate…

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Will COVID-19 give birth to a welfare state in Thailand?

Thailand’s economy has been hit hard by the COVID-19 fallout, with numerous layoffs, working hours cut and people’s income plunging. The government has implemented a raft of relief packages to…

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Thai PM defends submarine purchase and explains causes of huge public debt

Prime Minister Prayut Chan-o-cha has defended the Royal Thai Navy’s 22 billion baht procurement of three Yuan-class submarines from China as being worth the taxpayers’ money, compared to the 24…

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inside the Parliament House of Thailand

Thailand’s MPs begin second and final readings of the budget bill

The House of Representatives today (Wednesday) began the second and final readings of the budget bill for the 2021 fiscal year. The debate is scheduled to end tomorrow, but could…

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