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Time for government to tighten its belt as debt ceiling looms as public debt surges from the pre Covid era
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Time for government to tighten its belt as debt ceiling looms as public debt surges from the pre Covid era
Thailand’s debt races towards its 70% ceiling as chief economic planner Danucha Pichayanan demands 2–3 years of tight budgets. Debt servicing tops ฿400 billion yearly and weak growth, falling revenue and ageing costs tighten Bangkok’s fiscal squeeze.
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