Thailand’s government has increased its FY24 new borrowing target by 560 bln baht to fund its budget deficit, resulting in a total borrowing amount of 755 bln baht for the fiscal year ending September 30. This adjustment reflects additional financing for new government projects. Existing debts, to be restructured, will rise by 388 bln baht to 2 tln. Debt repayments will increase to 399.6 bln. The public debt-to-GDP ratio is projected to reach 61.29%, remaining within the legal limit of 70%, while the foreign debt portion of total public debt is capped at 1.5%, well below the 10% threshold.