Debt ceiling deemed ample PDMO chief says new level allows reforms The current public debt ceiling provides enough room for the government to borrow to implement economic reforms, says Public Debt Management Office (PDMO) director-general Patricia Mongkhonvanit. The government recently raised the ceiling of the public debt-to-GDP ratio to 70% from 60%. This move followed the government issuing two emergency loan decrees over the last two years to allow it to borrow 1.5 trillion baht to mitigate the impact of the Covid-19 pandemic on the economy. Mrs Patricia said the government is unlikely to …

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