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Bangkok Post, Thailand, Business Briefs Column.
Aug. 2--PUBLIC DEBT ACT BOUND FOR CABINET: A new public debt management act will be submitted to the cabinet for approval within one or two weeks, according to Sommai Phasee, deputy permanent secretary for Finance.
The new law will increase policymakers' flexibility in managing the public debt through refinancing to take advantage of changes in market conditions. Current law prohibits new borrowing to repay existing loan principal, which must instead be serviced through fiscal budget expenditures.
Under the new law, the Finance Ministry will charge a fee of up to 1 percent of principal to guarantee loans taken by state enterprises based on their credit ratings. Fees will be pooled into a fund for emergency use if an agency has problems paying its debts.
The new law also allows local administrations and independent agencies to borrow on their own, in line with the principle of decentralisation in the constitution.
Public debt currently exceeds 2.7 trillion baht, or nearly 60 percent of gross domestic product. Debt service costs are around 16 percent of the annual budget.
COOKING GAS PRICES PUSH CPI UP 2.2 PERCENT: Higher retail costs for cooking gas pushed up the consumer price index for July to 2.2 percent , compared with 2.0 percent in July last year.
However, the inflation rate as measured by the CPI was down from 2.3 percent in June, according to Phisit Settawong, director-general of Internal Trade Department.
- Bangkok Post, Thailand, business briefs column.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) February 16, 2006 700+ words
...savings bonds. The correct agency is the Public Debt Management Office. To see more of the Bangkok Post, or to subscribe to the newspaper...bangkokpost.com. Copyright (c) 2006, Bangkok Post, Thailand Distributed by Knight Ridder...
- Public Debt on Track for September Peak in Thailand.
- Newspaper article from: Knight Ridder/Tribune Business News June 27, 2002 700+ words
...By Wichit Sirithaveeporn, Bangkok Post, Thailand Knight Ridder...Business News Jun. 27--Public debt is expected to peak at 59...ministry had previously forecast public debt reaching a peak of nearly...Office. At the end of March, public debt stood at 53.5 percent of...
- Thai Public Debt Likely to Start Declining; War Worries Dampen Investment.
- Newspaper article from: Knight Ridder/Tribune Business News January 31, 2003 700+ words
...Wichit Sirithaveeporn, Bangkok Post, Thailand Knight Ridder...Business News Jan. 31--Public debt in October was 53...To see more of the Bangkok Post, or to subscribe to...bangkokpost.com (c) 2003, Bangkok Post, Thailand. Distributed...
- Bangkok Post, Thailand, Business Briefs Column.
- Newspaper article from: Knight Ridder/Tribune Business News June 10, 2003 700+ words
...Development Fund. Of the total public debt, domestic debt represents...comprises 83.98 percent of total public debt. The public debt increased by 30.3 billion...billion. To see more of the Bangkok Post, or to subscribe to the newspaper...
- Bangkok Post, Thailand, business briefs column.(Financial report)(Column)
- Newspaper article from: Bangkok Post (Bangkok, Thailand) August 11, 2007 700+ words
...the publisher of the Bangkok Post and Post Today daily...SAVINGS BONDS READY: The Public Debt Management Office will...To see more of the Bangkok Post, or to subscribe to...Copyright (c) 2007, Bangkok Post, Thailand Distributed...
- Bangkok Post, Thailand, Guest Column.
- Newspaper article from: Knight Ridder/Tribune Business News May 10, 2004 700+ words
...Leszek Balcerowicz, Bangkok Post, Thailand Knight Ridder...fiscal deficits, and public debt. The accession countries...2004 To see more of the Bangkok Post, or to subscribe to...bangkokpost.com (c) 2004, Bangkok Post, Thailand. Distributed...
- Bangkok Post, Thailand, guest column.
- Newspaper article from: Knight Ridder/Tribune Business News September 10, 2004 700+ words
By Michael Preiss, Bangkok Post, Thailand Knight Ridder...include the small size of public debt markets, transparency...To see more of the Bangkok Post, or to subscribe to...com. (c) 2004, Bangkok Post, Thailand. Distributed...
- Bangkok Post, Thailand, business briefs column.(Column)
- Newspaper article from: Bangkok Post (Bangkok, Thailand) June 21, 2007 700+ words
...Svetarunvra, the director-general of the Public Debt Management Office, said the funds would...of sugar prices. To see more of the Bangkok Post, or to subscribe to the newspaper...bangkokpost.com. Copyright (c) 2007, Bangkok Post, Thailand Distributed by McClatchy...