Mr. Theeraj Athanavanich,Bond Market Advisor,reported that Thailand’s public debt outstanding as of May31, 2018 was at 6,497,688.57million Baht (40.78% of GDP).The total public debt outstanding comprised 5,202,092.04million Baht of Government debt, 907,969.04million Baht of State-Owned Enterprises (SOEs) debt, 378,871.31million Bahtof Government Guaranteed Financial SOEs debt* and 8,756.18million Baht of Other Government Agencies debt. Compared with last month, public debt outstandingincreased by 10,977.09 million Bahtwith details as follows:
Government debt outstanding was at 5,202,092.04million Baht, increasing by 19,195.84million Baht.The detail of change in government debt asthe followings:
Financing under the Annual Budget Expenditure Act B.E. 2561 (A.D. 2018)and debt managementincreased by22,836.99million Baht. This increase was mainly for the country development, economic stability and sustainability.
Domestic debt to finance infrastructure investmentincreased by 3,254.92million Baht which resulted from(1) an increase in On-lending debt by 1,423.81million Baht to the Mass Rapid Transit Authority of Thailand for the Green Line, Blue Line andOrangeLine projects(2) an increase in On-lending debt by 1,805.97 million Baht to the State Railway of Thailand forDouble-track Jira Road - Khonkaen Project, Double-track Lopburi – Paknampho Project,the Cooperation between the Government of the Kingdom of Thailand and the Government of the People’s Republic of China on Bangkok – Nong Khai (HSR : High-Speed Rail) Development for Regional Connectivity Project, Double-track Chachoengsao - Klong 19 - Kaeng Koi Project,Double-track Nakornpathom – Chumphon Project andRed Line Mass Transit System Projectand (3) an increase in On-lending debt by 25.14 million Baht to the National Housing Authority for the Phase G Residential Building and Facilities for Dindaeng Urban Renewal Project.
Debt to Finance Economic Stimulus Package through Water Management and Road System Improvement increased by 840 million Baht.
Debt repayments under the Emergency Decree authorizing the MOF to Secure Loans for Financial Institutions Development Fund were made in the amount of 8,786million Baht.
External debtdecreased by1,049.93million Baht mainly due to the disbursementof JPY loan,changes in foreign exchange rates and foreign exchange risk management.
State-Owned Enterprisesdebtwas at 907,969.04million Baht, decreasing by6,677.73million Baht. This change was mainly contributed from the followings:
Government Guaranteed debtincreased by482.43 million Baht. This was mainly from the Bangkok Mass Transit Authority.
Non-Government Guaranteed debt decreased by 7,160.16million Baht. This wasmainlyfromthe Thai Airways International Public Co., Ltd.
Financial State-Owned Enterprises debt (Government Guaranteed)was at378,871.31million Baht, decreasing by 1,032.07million Baht. This was mainly from the Bank for Agriculture and Agricultural Co-operatives.
Government Agencies debtwas at8,756.18million Baht, decreasing by 508.95million Bahtmainly from the Office of the Cane and Sugar Fund.
Public debt outstanding as of May31, 2018 was at 6,497,688.57million Baht, of which,6,226,924.20 million Baht was domestic debt(95.83% of total public debt), and 270,764.37million Baht(approximately 8,326.22million USD) was external debt (4.17% of total public debt).
Classified by remaining maturity, long-term debt outstanding was5,884,683.38
million Baht (90.57% of total public debt) and short-term debt outstanding was 613,005.19million Baht(9.43% of total public debt).
Public Debt Management Office
Tel. +66 2 265 8050 Ext. 5520
Source: Ministry of Finance