The public debt-to-GDP ratio in fiscal 2023 is expected to edge down to 60.4% from an anticipated 60.6% in fiscal 2022 thanks to the economic recovery, says Public Debt Management Office (PDMO) director-general Patricia Mongkhonvanit.
Mrs Patricia said GDP is expected to expand to 18.5 trillion baht next year from an estimated 17.2 trillion in fiscal 2022.
The estimate also takes into account the government's plan to borrow 695 billion baht to offset the budget deficit in fiscal 2023.
