No need to worry about infrastructure investment: Kittiratt
Deputy Prime Minister and Finance Minister Kittiratt Na-Ranong insisted Thursday that the Bt2 trillion investment would not negatively affect Thailand's finance, as the Thai economy is expanding fast.
The gross domestic product (GDP) at about Bt13 trillion now will grow to Bt20 trillion in 2020 when the investment is completed, he said.
He noted that coupled with the investment, public debt would be kept below 50 per cent of GDP.
"All should be assured that the annual investment of Bt300 billion in light of continued economic expansion would not cause a problem. Meanwhile, the debt repayment period is set at 50 years on the assumption that if we can repay the principal by Bt20 billion a year. However, if the principal repayment is bigger, the period would be shortened," he said.
The government is kicking off the "Thailandâ€™s Future" road show to promote the investment, while the borrowing bill has not yet been passed into law.