FPO on a mission to tackle high debt, limit borrowing

Fiscal Policy Office director-general Pornchai Thiraveja

The Fiscal Policy Office (FPO) plans to discourage financial institutions from enticing consumers to unnecessarily create more debt as part of its efforts to curb high household debt levels over the long term.

FPO director-general Pornchai Thiraveja said the government will focus on two missions in tackling high debt levels. First, the office wants to promote financial literacy.