Creating the Future of Finance - Breakthrough Innovation
K
KASIKORNTHAI
Public Debt to GDP and Fiscal Budget
million Baht
Public Debt
%
(%)
70
100
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
Budget Disbursement Rate
11.000
10,500
10,000
9,500
9,000
8,500
8,000
7,500
7,000
6,500
6,000
Jan-17
Apr-17
Jul-17
Oct-17
Jan-18
Apr-18
Jul-18
Oct-18
Jan-19
Apr-19
Jul-19
Oct-19
Jan-20
Apr-20
Jul-20
Oct-20
% to GDP (rhs)
Jan-21
Apr-21
Jul-21
Oct-21
Jan-22
Apr-22
Aug-22
Nov-22
Public Debt (Ihs)
55
65
60
60
90
80
70
55
60
55
45.3
50
37.7
50
50
40
30.0
22.7
30
15.0
FY 2023
45
45
20
FY 2022
10
FY 2021
40
40
0
Oct Nov Dec Jan Feb Mar Apr May Jun
Jul Aug Sep
■ Public debt to GDP ratio rose to 61.3% in January
2023. However, it is still under the 70% limit set under
the fiscal sustainability framework
■Thai government raised the ceiling of the public
debt-to-GDP ratio from 60% to 70%. The public debt
to GDP is expected to rise to 60.43% in FY2023
Source: Ministry of Finance (MOF), Fiscal Policy Office (FPO),
and Public Debt Management Office (PDMO)
Total Budget
Bt3.18trn
FY23 Budget
FY23
target
Bt3.18trn
(100%)
5M FY23
actual
Unused FY23
Budget
B1.44trn
(45%)
Bt1.74rn
(55%)
Bt2.52trn
Bt1.26trn
- Investment Budget
Bt0.66trn
(100%)
Bt0.66trn
(100%)
(50%)
Bt0.18rn
Bt1.26trn
(50%)
Bt0.48trn
(28%)
(72%)
- General Budget
Bt2.52trn
■Government budget disbursement rate for 5MFY2023 is 45.3%,
up 2.8% from 42.5% in 5MFY2022
บริการทุกระดับประทับใจ
K
KASIKORNTHAI
Relief Measures for COVID-19 Impacts
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
MOF
Package Size
Measures
BOT
Package Size
Bt 400 billion
Provide liquidity for bond
mutual funds
Bt 1.0 triillion
Phase 1
Measures
- 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 120 billion
Soft loans and asset
warehousing programme
Bt 500 billion
Bt 1.0 trillion
Corporate Bond Liquidity
Stabilization Fund (BSF)
Bt1.5 trillion or 9.8% of 2020 GDP
Note: SFIs Specialized Financial Institutions
Source: MOF, BOT and KResearch, as of July 2021
Bt 400 billion
Bt1.9 trillion or 12.2% of 2020 GDP
บริการทุกระดับประทับใจ
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