Post by account_disabled on Dec 27, 2023 10:40:53 GMT
Mr. Lawan Saengsanit, Director of the Fiscal Policy Office As a spokesperson for the Ministry of Finance Clarifying the issue of borrowing money to compensate for the budget deficit through a term loan contract in the amount of 20,000 million baht, that this is a normal operation of the Ministry of Finance. In order to be consistent with the income stream and expenditure stream during various periods under appropriate costs and risks, in the past the Ministry of Finance has borrowed money to compensate for budget deficits in various forms, such as government bonds. savings bonds loan contract promissory notes, treasury bills, etc., with joint planning of borrowing and treasury management between relevant agencies on a regular basis.
In order to operate efficiently and carefully. For borrowing money through a loan contract this time, the amount of 20,000 million baht is part of the loan to compensate for the overlapping budget deficit of fiscal year 2019, amounting to 101,022 million baht from the loan framework to compensate for the deficit. The budget balance for fiscal year 2019 totals 450,000 million baht. As of the end of January 2020, the Ministry Email Marketing List of Finance has borrowed a total of 56,202 million baht over the year, divided into 18,600 million baht of government bonds, 17,602 million baht of savings bonds and loan contracts that The above mentioned amount of 20,000 million baht is a loan to compensate for the aforementioned budget deficit. It is part of the public debt management plan for fiscal year 2020, with a framework for borrowing money to compensate for the budget deficit that has been included.
This is a loan limit that the Cabinet has approved. Therefore, borrowing money in various forms from the Ministry of Finance is considered a normal operation. It does not indicate a poor fiscal position at all. The government's fiscal position remains strong enough to support fiscal measures to support the country's economic expansion going forward. This is reflected from the treasury balance at the end of January 2020, totaling 316,370 million baht, with the current level of treasury balance being the level that has been managed for maximum efficiency. and has taken into account the income stream Government expenditure stream and money management costs This is a sufficient level to continue implementing government policy. and is carried out within the financial and fiscal discipline framework in accordance with the law in all respects
In order to operate efficiently and carefully. For borrowing money through a loan contract this time, the amount of 20,000 million baht is part of the loan to compensate for the overlapping budget deficit of fiscal year 2019, amounting to 101,022 million baht from the loan framework to compensate for the deficit. The budget balance for fiscal year 2019 totals 450,000 million baht. As of the end of January 2020, the Ministry Email Marketing List of Finance has borrowed a total of 56,202 million baht over the year, divided into 18,600 million baht of government bonds, 17,602 million baht of savings bonds and loan contracts that The above mentioned amount of 20,000 million baht is a loan to compensate for the aforementioned budget deficit. It is part of the public debt management plan for fiscal year 2020, with a framework for borrowing money to compensate for the budget deficit that has been included.
This is a loan limit that the Cabinet has approved. Therefore, borrowing money in various forms from the Ministry of Finance is considered a normal operation. It does not indicate a poor fiscal position at all. The government's fiscal position remains strong enough to support fiscal measures to support the country's economic expansion going forward. This is reflected from the treasury balance at the end of January 2020, totaling 316,370 million baht, with the current level of treasury balance being the level that has been managed for maximum efficiency. and has taken into account the income stream Government expenditure stream and money management costs This is a sufficient level to continue implementing government policy. and is carried out within the financial and fiscal discipline framework in accordance with the law in all respects