Thailand's public debt may exceed 60% of GDP: PM

BANGKOK. April 30. KAZINFORM Thailand's public debt in the future may exceed 60 percent of the country's gross domestic product (GDP) as the outcome of the government's economic stimulus packages to shore up the sluggish domestic economy, Prime Minister Abhisit Vejjajiva said Thursday, Kazinform refers to Xinhua.
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However, the public should not panic since foreign countries still have confidence in the Thai economy, he told participants of the National Economic and Social Council meeting, the Thai News Agency reported. During 2010 to 2012, the Thai government plans to spend 1.57 trillion baht (44.54 billion U.S. dollars) in investment projects to jumpstart the economy, Kazinform cites Xinhua. See www.chinaview.cn for full version.
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