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Thai public debt to GDP ratio at 55.59per cent as of July

Thai public debt to GDP ratio at 55.59per cent as of July

FILE PHOTO: Thai finance minister Arkhom Termpittayapaisith speaks during an interview with Reuters in Bangkok, Thailand January 21, 2021. REUTERS/Chalinee Thirasupa

BANGKOK : Thailand's ratio of public debt to gross domestic product (GDP) stood at 55.59per cent as of July, up from 55.20per cent in the previous month, the finance ministry said in a statement on Wednesday.

That compares with the current debt ceiling of 60per cent of GDP, which can be raised if needed, as the country deals with its worst COVID-19 outbreak, according to Finance minister Arkhom Termpittayapaisith.

(Reporting by Satawasin Staporncharnchai; Editing by Martin Petty)

Source: Reuters

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