The government's interest payment burden remains relatively low despite the continued increase in public debt, according to the head of the Public Debt Management Office (PDMO).
Jindarat Viriyathavikul, director-general of PDMO, said interest payments on the government's outstanding borrowing account for 10.2% of projected government revenue, below the 12% threshold used by credit rating agencies as an indicator of whether a sovereign bond should be considered a junk bond.
