Thailand govt set to borrow $46 billion to fund coronavirus recovery

Nation's debt-to-GDP ratio seen rising to 57.2% next year

Thailand will borrow $46 billion next year as the Southeast Asian nation expands its fiscal stimulus measures to counter the economic impact from the coronavirus pandemic amid dwindling state revenue.
 
A cabinet meeting chaired by Prime Minister Prayuth Chan-Ocha on Tuesday approved borrowing of 1.47 trillion baht in the fiscal year starting Oct. 1, according to a government statement Tuesday.
 
The fund-raising is seen down 11 per cent from a revised 1.66 trillion baht this year, official data show. The borrowing will be used to finance various economic stimulus programs, budget deficit, infrastructure investments and bailout of some