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Public debt expected to drop by next year.

Bangkok Post (Bangkok, Thailand)

| October 04, 2005 | COPYRIGHT 2005 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Chatrudee Theparat

Oct. 4--Public debt is estimated to decline to 42.1 percent of gross domestic product (GDP) at the end of fiscal 2006 if growth meets the 4.5 percent projection in fiscal 2005 and 2006, according to a Finance Ministry study on public-debt management.

Thailand's public debt is projected at 796.7 billion baht in the new fiscal year ending in September 2006, accounting for 42.1 percent of GDP, down from 44.6 percent at present. The amount would represent 10.93 percent of the fiscal budget, according to the study to be tabled for cabinet consideration today.

The estimates include outstanding debt of 558.9 billion baht and ...

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