Financial Wire

Market Chatter: Thailand Eyes THB500 Billion Emergency Loan as Fiscal Pressures Worsen

-- Thailand is preparing an emergency decree to raise up to 500 billion baht ($15.6 billion) in borrowing and address the debt ceiling amid tightening fiscal space and rising risks, Reuters reported Monday, citing Deputy Prime Minister Pakorn Nilprapunt.

Public debt stands at around 66% of GDP, close to the current 70% limit, which may be raised to accommodate the planned borrowing. The government is also preparing its 2027 budget with a focus on curbing non-essential spending and managing fiscal risks, reportedly.

A 3.788 trillion Thai baht budget has been approved, with a slight increase in spending and a lower projected deficit, and will be submitted for parliamentary review in July, the news agency said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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