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Thailand: Oil Fund borrowing bumps up public debt-to-GDP ratio

Thailand’s public debt-to-GDP ratio rose to 61.4% in fiscal 2023, above an earlier estimate of 60.4%, after the inclusion of the Finance Ministry’s total guarantee for the Oil Fuel Fund’s borrowings — tallying 110 billion baht — in the country’s public debt management plan. Finance Minister Arkhom Termpittayapaisith said a meeting of the ministry’s public debt […]

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