Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Thailand plans to reduce government borrowing by about 8% in the year starting October to maintain fiscal discipline as public debt approaches the legal limit, according to people familiar with the matter.
About 992 billion baht ($31 billion), or 42% of the total 2.37 trillion baht, will be fresh borrowing to mainly finance the budget deficit, while the rest is for refinancing and restructuring of existing debt, said the people, who declined to be identified as they aren’t authorized to discuss the information before it’s made public. The Public Debt Management Office held a virtual meeting with bond traders Friday afternoon, according to the people.