The government plans to borrow 2.23 trillion baht (US$60 billion) in the fiscal year starting Oct 1, about 3% less than its target this year, as the country rolls back Covid-related spending, according to people familiar with the matter.
The debt-raising will include 793.6 billion baht of fresh borrowing to meet the fiscal deficit and 1.44 trillion baht for refinancing and restructuring existing debt, the people said, declining to be identified before a public announcement.
