News Forum - Thailand’s public debt remains sustainable at 64% of GDP

[Thaiger]

The recent Cabinet meeting focused on the nation’s public debt status, revealing it remains well within sustainable limits. Public debt as of August reached 11.7 trillion baht, accounting for 64% of the country’s GDP, comfortably below the 70% benchmark for fiscal sustainability. Government spokesperson Jirayu Houngsub detailed during the meeting that the Finance Ministry adhered … …

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[Fanta]

They’ll say the same thing at 74%, 84% etc etc. The last thing they will do is cut the government expenditure that forces the ever increasing debt load. I wish I ran a government and not a business. Never need to justify the inability to turn a profit or even balance a budget while never having to address the financial mess while doing more of the same. Plus you only get a performance review every 4 years and you get to fudge the figures. Gold!