Thai Finance Minister Ekneity Nititanpakosa said that Thailand will not raise the upper limit of public debt, and it is reasonable to currently set an upper limit of 70% of GDP. Speaking at an economic forum on Wednesday, Ekniti said his mission is to reduce the share of public debt in GDP and adhere to fiscal discipline. Note: As of the end of September, Thailand's public debt as a share of GDP was 68.6%. The government plans to use some of the remaining funds from a 200 billion baht loan program to incentivize the transportation sector to switch to more environmentally friendly fuels.

Thai Finance Minister Ekneity Nititanpakosa said that Thailand will not raise the upper limit of public debt, and it is reasonable to currently set an upper limit of 70% of GDP. Speaking at an economic forum on Wednesday, Ekniti said his mission is to reduce the share of public debt in GDP and adhere to fiscal discipline. Note: As of the end of September, Thailand's public debt as a share of GDP was 68.6%. The government plans to use some of the remaining funds from a 200 billion baht loan program to incentivize the transportation sector to switch to more environmentally friendly fuels.