The Cabinet has approved the first adjustment of the public debt management plan for the 2024 fiscal year.
The plan includes:
- An increase in new debt plans from 560.27 billion baht to 754.71 billion baht
- An adjustment in existing debt management from 387.75 billion baht to 2 trillion baht
- An increase in debt repayment plans from 9.07 billion baht to 399.61 billion baht
The Cabinet acknowledged a five-year medium-term borrowing requirement plan from the 2024 – 2028 fiscal years, assigning relevant ministries to coordinate with the state enterprises under their supervision. If readiness is lacking, plans are to be adjusted to expedite investment in state infrastructure. The Ministry of Finance is tasked with considering borrowing methods, loan conditions, guarantees, and risk management. State enterprises capable of borrowing on their own are allowed to proceed as appropriate and necessary for their operations.
Furthermore, the Public Debt Management Policy Committee previously agreed to increase the borrowing limit to compensate for the budget deficit by 424 billion baht. It also approved an increase in the loan restructuring amount due in the 2025 – 2028 fiscal years by 399 billion baht, as well as an increase in short-term borrowing in the form of a credit line to extend the short-term loans of the Electricity Generating Authority of Thailand by 30 billion baht. (NNT)
