0
Thailand has increased the ceiling of its public debt-to-gross domestic product ratio to 70 per cent from 60pc, the finance minister say, allowing the government to raise more funds to help a struggling economy amid a coronavirus outbreak.
The move will provide room for the government to borrow more for fiscal policies if required, while maintaining its debt servicing ability, Finance minister Arkhom Termpittayapaisith said in a statement, according to Reuters.
