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Bangkok Post
Bangkok Post
Business

Govt plans B820bn in new borrowing in 2023 fiscal year

People buy plant-based products at Bangkok's Chinatown in Yaowarat district on Sept 24, 2022, ahead of the annual vegetarian festival. This year, the nine-day festival runs from Sept 26 to Oct 4. (Photo: Apichart Jinakul)

The cabinet on Tuesday approved new borrowing of about 820 billion baht in the 2023 fiscal year starting Oct 1 to help finance a budget deficit, the Finance Ministry said.

The plan is part of bigger borrowing of 1.05 trillion baht for the fiscal year, of which 233 billion baht will be borrowed by state enterprises and other government agencies, the ministry said in a statement.

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