KBank Subsidiaries and ASEAN Economic Strategy
Billion Baht
K
KASIKORNTHAI
Public Debt to GDP and Fiscal Budget
Public Debt
7,500
Public Debt
% to GDP
44.8%
7,000
6,500
42
44
40
46
% to GDP
% Cumulative Budget
Disbursement Rate (%)
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
Budget Disbursement Rate
100
FY 2020
FY 2019
FY 2018
80
BORONGONO
40
30
20
Oct
15.7
10.9
Nov
Dec
22.8
28.8
70.4
63.8
58.3
48.1
34.1
Apr
Sep
6,000
Jan-17 Jul-17 Jan-18 Jul-18 Jan-19 Jul-19 Jan-20
40
■Public debt to GDP ratio rose significantly to
44.8%, as of June 2020. However, it is still under
the 60% limit set under the fiscal sustainability
framework
■Thai government is committed to keep the ratio of
public debt to GDP not exceed 60%. The public
debt to GDP is expected to rise to 57% in 2021
Source: Ministry of Finance (MOF), Fiscal Policy Office (FPO),
and Public Debt Management Office (PDMO)
FY20 Budget
Total Budget
Bt3.20trn
- General Budget
Bt2.56trn
- Investment Budget
Bt0.64trn
FY20 target
10M FY2020
actual
Unused FY20
Budget
Bt3.20trn
(100%)
Bt2.56trn
(100%)
Bt0.64trn
(100%)
Bt2.48trn
(77%)
Bt2.24trn
Bt0.72trn
(23%)
(88%)
Bt0.24trn
(37%)
Bt0.32trn
(12%)
Bt0.40trn
(63%)
■Government budget disbursement rate for 10M FY2020 is 77.4%,
slightly declined by 1.6% from the 79.0% in 10M FY2019. The
disbursement started to catch up after the budget enactment
■Government investment projects could be further delayed as the
government needs to impose emergency stimulus measures to
counter the virus threats
บริการทุกระดับประทับใจ
K
KASIKORNTHAI
Relief Measures for COVID-19 Impacts
Phase 1
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
MOF
Measures
Package Size
BOT
Measures
Package Size
Bt400 billion
Government bond purchase
Bt100 billion
- Soft loans worth Bt150 billion
- Interest cuts and delayed debt payments (SFIs)
- Reducing electricity and water bills
Phase 2
- Cash handouts
- Emergency loans
- Tax benefits
Phase 3
- Implementing health-related plans and
giving financial aid to affected people
- Economic and social rehabilitation
Bt 1.5 trillion or 9% of GDP
Note: SFIs Specialized Financial Institutions
Source: MOF, BOT and KResearch, as of May 2020
Provide liquidity for bond
Bt1.0 triillion
Bt 120 billion
mutual funds
Soft loans
Bt1.0 trillion
Corporate Bond Liquidity
Stabilization Fund (BSF)
บริการทุกระดับประทับใจ
Bt2.0 trillion or 12% of GDP
Bt500 billion
Bt400 billion
140
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