BANGKOK: Thailand's cabinet on Wednesday (Dec 11) approved debt support measures, including interest suspensions and reduced principal payments, to help tackle household debt, Prime Minister Paetongtarn Shinawatra said.
FILE PHOTO: Thailand's Prime Minister Paetongtarn Shinawatra looks on during a signing ceremony and press conference at the Government House, in Bangkok, Thailand, November 28, 2024. REUTERS/Athit Perawongmetha/File PhotoBANGKOK: Thailand's cabinet on Wednesday approved debt support measures, including interest suspensions and reduced principal payments, to help tackle household debt, Prime Minister Paetongtarn Shinawatra said.
The government has been trying to ease the debt burden of households, which it sees as a constraint on consumption and economic growth. Thailand had a 89.6 per cent household debt-to-GDP ratio at the end of June, with household debt totalling 16.3 trillion baht , among the highest levels in Asia. We know it's a hassle to switch browsers but we want your experience with CNA to be fast, secure and the best it can possibly be.
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