Thailand's cabinet approves a revised debt plan, including a $13.5B cash stimulus program and digital wallet, with a 64.3% public debt-to-GDP ratio.
Thailand's cabinet approves a revised debt plan, including financing for a $13.5 billion cash stimulus program, with a digital wallet scheduled for implementation later this year. The public debt-to-GDP ratio is at 64.3%, and the central bank advises the government to limit benefits to those in need. Additional 276 billion baht in borrowing for the 2024 fiscal year will help finance the government's handout scheme, managing existing debt and debt repayments.
July 02, 2024
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