The current public debt ceiling provides enough room for the government to borrow to implement economic reforms, says Public Debt Management Office (PDMO) director-general Patricia Mongkhonvanit.
The government recently raised the ceiling of the public debt-to-GDP ratio to 70% from 60%. This move followed the government issuing two emergency loan decrees over the last two years to allow it to borrow 1.5 trillion baht to mitigate the impact of the Covid-19 pandemic on the economy.
