Thread: Thailand : Public debts reach 36.92% of GDP

DEBTS

Public debts reach 36.92% of GDP
Tue, December 23, 2008

Thailand's public debts stood at Bt3.4 trillion or 36.92 per cent of gross domestic product, according to the Public Debt Management Office.

Of total, Bt2.1 trillion were the government's borrowing and Bt1 trillion belonged to non-financial state enterprises.

In the month, PTT issued bonds worth Bt18 billion and Thai Airways International also tapped a Bt4 billion long-term loan.

Due to the weaker baht, US dollar-denominated debts also raised the public debts in baht term.

nationmultimedia.com

Originally Posted by Mid

Thai Airways International also tapped a Bt4 billion long-term loan.

Bail-out? They kept that quiet

Originally Posted by Mid

Thailand : Public debts reach 36.92% of GDP

Astonishing state of affairs and again I wonder what is keeping the Baht afloat.

Interesting economy is Thailand. Not sure how they manage to control the strength of the Baht.

No problem. just print some more money to pay off the debt.

36.92% of GDP actually compares quite well with the US, UK, Japan and most Eurozone countries.

^ I was just going to say that, it certainly isn't that much, but Thailand has always kept very monetarist policies to keep taxes low. Not much spending on the poor either :-)

Originally Posted by plorf

hailand has always kept very monetarist policies to keep taxes low.

That sentence is wrong on so many levels. Would you care to explain ?

Originally Posted by Butterfly

Originally Posted by plorf

hailand has always kept very monetarist policies to keep taxes low.

That sentence is wrong on so many levels. Would you care to explain ?

Better yet Butts, why don't you explain where he is wrong?

Originally Posted by Spin

Originally Posted by Mid

Thai Airways International also tapped a Bt4 billion long-term loan.

Bail-out? They kept that quiet

I heard something about this a short time back. It has been public that Thai Airways International and Thai Domestic have cut a few routes that they have found to be weighted. Didn't you notice some 5-6 years ago, Thai domestic had slowly curtailed a couple of routes within their coveted market....

Originally Posted by Rural Surin

Better yet Butts, why don't you explain where he is wrong?

You are from the Bkkandrew school of thoughts, aren't you ?

If this debt ratio is all well & good, then why are the wheels falling off the US economy? Surely it is unsustainable?

Originally Posted by Mid

Thailand's public debts stood at Bt3.4 trillion or 36.92 per cent of gross domestic product, according to the Public Debt Management Office.

Hardly a "shocking" number as compared to other countries. In fact not bad at all.

GDP is going to fall

Originally Posted by Mid

GDP is going to fall

Yes. But which country's isn't? Expect to see all % GDP numbers to increase worldwide.

true , but not by identical amounts ..................

Originally Posted by BugginOut

Originally Posted by bkkandrew

36.92% of GDP actually compares quite well with the US, UK, Japan and most Eurozone countries.

As of November 19, 2008, the total U.S. federal debt was $10.6 trillion.[2], with about $37,316 per capita (that is, per U.S. resident). The October 3rd, 2008 bailout bill (H.R.1424), section 122, raised the U.S. debt ceiling from $10 trillion to $11.3 trillion. Of this amount, debt held by the public was roughly $6.3 trillion.[3] In 2007, the public debt was 36.8 percent of GDP [4], with a total debt of 65.5 percent of GDP.[5] The CIA ranked the total percentage as 27th in the world.[6]

U.S. Public Debt___Wikipedia

Only $11.3 trillion, huh? And it doesn't even bother them. They go on, business as usual.

Originally Posted by BugginOut

Originally Posted by bkkandrew

36.92% of GDP actually compares quite well with the US, UK, Japan and most Eurozone countries.

As of November 19, 2008, the total U.S. federal debt was $10.6 trillion.[2], with about $37,316 per capita (that is, per U.S. resident). The October 3rd, 2008 bailout bill (H.R.1424), section 122, raised the U.S. debt ceiling from $10 trillion to $11.3 trillion. Of this amount, debt held by the public was roughly $6.3 trillion.[3] In 2007, the public debt was 36.8 percent of GDP [4], with a total debt of 65.5 percent of GDP.[5] The CIA ranked the total percentage as 27th in the world.[6]

U.S. Public Debt___Wikipedia

Incorrect.

Using Wiki's own figures, US GDP is just under $17TR and FED debt (pre-bailout mode) stands at $10.5TR. That is 62%. After bailouts and other associated losses, wars and mishaps, FED debt will stand nearer $14TR at a time when GDP is declining, giving a percentage of nearer 90%...

Links:

List of North American countries by GDP (PPP) - Wikipedia, the free encyclopedia

U.S. National Debt Clock

And then we come to Norton's map. Again fiction. As thrashed out here:

https://teakdoor.com/us-domestic-issu...tml#post746643

The stats are not comparable, as the US debt figure excludes State, Municipal, corporate and personal debt, whereas, for example, the Canadian figure includes State and Municipal debt and, as the following example shows:

https://teakdoor.com/us-domestic-issu...tml#post860609

That can make a huge difference.

Originally Posted by Rural Surin

Originally Posted by Butterfly

Originally Posted by plorf

hailand has always kept very monetarist policies to keep taxes low.

That sentence is wrong on so many levels. Would you care to explain ?

Better yet Butts, why don't you explain where he is wrong?

Panda dubbed him 'the heckler in the room'. There is no better description of him and his one-liner you quoted is a perfect example.

And, if you think that the US is in the poo - take a look at the UK:



So, the number for the UK is nearing 300% of the (declining) $2TR GDP. Note the above chart is in £.

Worlds #2 economy, Japan is really a basket case.

"With gross debt of 180% of GDP, further measures to reduce the large budget deficit are increasingly urgent."

Economic survey of Japan 2008

This figure is not so bad for Thailand. At least they have the potential to trade out of the current downturn where many others may not. At least Thailand can still produce relatively cheap goods and their agricultural sector is a demand product still being produced cheaply. Given some political stability, I would put them at even money or better to come out of this well.

Originally Posted by watterinja

Interesting economy is Thailand. Not sure how they manage to control the strength of the Baht.

The strength of the THB has nothing to do with a given level of debt or budget deficit

Originally Posted by Johnny Longprong

This figure is not so bad for Thailand. At least they have the potential to trade out of the current downturn where many others may not. At least Thailand can still produce relatively cheap goods and their agricultural sector is a demand product still being produced cheaply. Given some political stability, I would put them at even money or better to come out of this well.

Thailand could given two things:

1. A lower currency against their export markets' currencies;

2. Export markets that were not in a state of economic collapse.