Government can borrow another THB1.3 tn before it hits debt ceiling - News Summed Up

Government can borrow another THB1.3 tn before it hits debt ceiling


The source said only THB70 billion are left of the loans borrowed under the THB500-billion borrowing decree. If the government wants to spend more than THB70 billion, the government would have to issue another decree to allow the borrowing. The government is allowed by the Budgetary Procedures Act BE 2561 (2018) to use advance payments with a ceiling of THB50 billion. The source added that the Finance Ministry has not yet confirmed whether it would launch the fifth phase of the Khon La Krueng (half-half) co-payment scheme. As of April 19, a total of THB60 billion has been spent under the fourth phase of the Khon La Krueng scheme by 26.26 million subsidy receivers.


Source: The Nation Bangkok April 21, 2022 19:52 UTC



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