Debt plan to 'return B500bn'Government spokesman Chai WacharonkeGovernment spokesman Chai Wacharonke on Monday said that the government's debt solution plan will bring 500 billion baht back to the economy if successful. Mr Srettha said the plan would grant a debt moratorium to about 1.1 million debtors affected by the Covid-19 pandemic. The government will also adjust a debt restructuring plan for small and medium-sized enterprises (SMEs) that are indebted to state-run banks and grant them a debt moratorium for one year, Mr Srettha said. Those with irregular incomes will be offered a temporary debt moratorium, loan interest reductions or a lower rate of monthly debt payments. Farmers are already part of the government's three-year debt moratorium, aiding more than 1.5 million farmers, the PM said.


Source:   Bangkok Post
December 19, 2023 11:33 UTC