Thailand's public debt is often politicized due to its enormous rise in recent years. However, these are all misunderstandings. Let us know what you think!
@p_19452 жыл бұрын
As local people in there, it isn't politicized, but it is serious issue that created by military government or hybrid regime after general election. Thailand debt before military coup was at around 40-45 percent of GDP but after military gov. took over in late 2014 so Thai government always use deficit budget for buy some defense spending aka many of them more likely corruption , want to buy what they want or give promotion to their beneficiary and thing get more worse that they burn debt for populism to secure victory in election which in fact they did win that in really tricky way. In new government leadership still same but have more politician in coalition so they continue their populism especially in covid-19 era which they were pretty fail to help SMEs (help corporation as they always do) and continue to throw to people a lot (all of them are around 1-2 trillion baht) . it always be heated debate every time when they want to get loan in parliamentary process due to failure to help people and return little benefit to public in overall and thing get worse that they were broke public debt law in another tricky way to limit from 60 percent of GDP to 70 percent of GDP. In conclusion in Mr. Prayut gov. he was responsible for the rise of public debt (right now it is nearly 20 percent that his government without heavy reaction from opposition MP and public it will be worse) created it with little benefit return except their own political survival. in fact, if public debt never be serios problem so Bank of Thailand (specifically Monetary Policy Committee) will never be serious to raise interest rate (they can not raise interest rate that much because of public debt) among massively increases interest rate from FED right now.
@p_19452 жыл бұрын
my self and people in bureaucrat that i was spoke with when i was internship or even politician know really well that next government (if Mr. Prayut or Pravit never win again) , they must solve this s_it that this government done in past 8 yrs. (more public is less money to use especially in use of infrastructure and development). sometimes you need to understand political context especially in Thailand which in nature they always use conservative way in fiscal policy. in other hand Household Debt is pretty high that worse number than public debt ( around 89 percent of GDP right now) PS everything did not got worse because public opinion really strong and gov. did not want lose face or humiliation sometimes.
@kukkik68392 жыл бұрын
@@p_1945 Here is an example of politicized issue.
@p_19452 жыл бұрын
@@kukkik6839 well well well , another who want to say it's politicized because you never want to accept the fact as always and live in you own reality that can be exception anything you like and criticize everybody who are contrast opinion to you which was the results of failure internal education system really well.( statistics never lied contrast to people opinion). PS. Counter argument without examples and evidence or even knowledge so that opinion will unreliable anyway and bureaucrat by constitution force themselves to be apolitical.
@SaereeNon Жыл бұрын
In Thailand, any issues can be raised to be politicized. Just rely on real figures not word of mouth. For example, someone with hidden agenda may complain through social media that the Gov raised highest debt compare with the past. It is a sensitive political-related issue, but doesn't mention that 90+% of debt is from domestic or GDP per Capita is highest in this Gov. Anyway in this case, PR needs to work more actively.
@goukux59082 жыл бұрын
62.7% debt to GDP isn’t a problem. Many countries are well above 100% including the USA
@patdwyer82622 жыл бұрын
Depends. Too many factors to list here. Three curriences are already in collapse; Yen, British Sterling, and Euro. The Gov's can't service the debt.
@goukux59082 жыл бұрын
@@patdwyer8262 Turkish Lyra is also in collapse.
@bigpirate7513 Жыл бұрын
@@goukux5908 but I love Turkey
@goukux5908 Жыл бұрын
@@bigpirate7513 Roasted Turkey in this case.
@dtu10079 Жыл бұрын
Các nước phát triển thì không sao nhưng những quốc gia đang phát triển thì đó là vấn đề rất lớn,
@John-rr9nq2 жыл бұрын
In the last couple of years The big Thai families that run the show have moved massive amounts of Thai baht out of Thailand and into the US dollar They all seen this coming Too many low income Thais have taken out too many loans My family in north Thailand have joined the bandwagon and are all up to there eyes in debt …it’s rampant in issan
@patdwyer82622 жыл бұрын
I'm heading to Issan. I have family there. Help them get out of debt responsibly. Times are going to get hard. I'm in the US, for now. The USD is what is the least bad fiat, only because of a big military and pricing of oil in USD, It's on a staedy decline. I'll be in Issam in a couple of weeks. Best wishes!
@anthony7091 Жыл бұрын
@@patdwyer8262 eve though you help clear there debt , if it was government debt be aware as it might not have ended yet!
@beau_de_jour3 ай бұрын
why so much in isaan have those tendencies to get in debit so easily to buy motorbikes or big pick ups that they can’t barely afford? i’m from a poor country in eastern europe that got open just 30 years ago from communism and my family used to know very well how to save and how to spend to keep saving and thrive in life. Little by little, day by day. With hard work. But for what i see, people in isaan they are very easy to loan but not even a plan or an idea on how to clean those debts
@aforadorable60062 жыл бұрын
My restaurant business in Thailand is dying. I think I need to file bankruptcy and close my resto sooner. I clearly can't see my future here. I'll be back in my country. 🇪🇸 😢
@Iceyfire122 жыл бұрын
What’s the name of the restaurant and where it’s located???
@alexlo77082 жыл бұрын
While many restaurants in Thailand are in lucrative business. Some even gone to IPO in stock exchange.
@picadosinferno Жыл бұрын
@@alexlo7708 That's only true for big brands, most small restos are struggling.
@alexlo7708 Жыл бұрын
@@picadosinferno Small restaurants nearby my home ,customers still has to que up in row. I think western restro might not as good as local ones. Because there are not enough residents or expat here ,Moreover there also various culinary for foreign foods such Korean ,Japanese food shops.
@SiameseCheese Жыл бұрын
Its hard to compete with Thai food in Thailand.
@LiberalsCauseCancer2 жыл бұрын
The problem is that Thailand is investing in chinese and indian individual investment, tourist engagement. These types of tourists are not widely appreciated by western, UK or even local thais. Perhaps this will pay dividends in the long run when it comes to economic prosperity but for now it is a deterrent for other tourists who once were welcomed and allowed to visit thailand with ease.
@LiberalsCauseCancer Жыл бұрын
@Full DAKAIT facts are facts chief
@SiameseCheese Жыл бұрын
I would rather holiday with Indians and Chinese than with bigots.
@SJ-wp1bd2 жыл бұрын
although Thailand is the most famous tourist destination in Asean. but it is possible that the Thai economy in the future will lose to Vietnam and the Philippines.
@user-yo9jo2fy5e2 жыл бұрын
Thais spend a lot in mobile games even though they are in deep problem
@John-rr9nq2 жыл бұрын
Philippines is light years away They still do not have reliable internet and the 2 companies that run the show are absolute thieves Go to bed wake up and your account is down hundreds of pesos It’s a running joke in the Philippines As for the infrastructure in the Philippines it’s a century behind Thailand
@Iceyfire122 жыл бұрын
Because they don’t have the population to compete with Vietnam and Philippines!
@bunieeee2 жыл бұрын
@Iceyfire12 what are you talking about? thailand is 1.7x bigger than philippines and 1.6x bigger than vietnam in terms of land area
@Iceyfire122 жыл бұрын
@@bunieeee whoops I assumed both countries were larger lol! Well their population does still play a role!
@suarsivapong9311 Жыл бұрын
In the present era, Thailand is upgrading its domestic infrastructure. Hundreds of large projects That will spread throughout the country and the industry that Thailand has both production in a variety of industries has been increasing significantly over the past 10 years, coupled with the fundamentals of the construction industry that Thailand is strong at the ASEAN level That can be done by yourself most of the time. greatly reducing the cost of national development Thailand does not have to employ foreign companies. like many countries in ASEAN Most of the capital has been circulating in the domestic economy, more than 80%. medical equipment In Thailand, we want to make it like Singapore. pharmaceutical industry We want to be Indian military industry armament technology In terms of agricultural technology, we want to do like Israel. This is the overall goal.
@beau_de_jour3 ай бұрын
i like the proudness and the mentality that Thais come first compared to the foreigners. Keep up the good work thailand 💪🏼
@broadlover69 Жыл бұрын
I just love Thailand from Bangladesh ❤️ One of the best countries The people, culture, food and nature of Thailand are best Soon Bangladesh-Thailand will have rail connection through Myanmar I wish one day I'll visit Bangkok and Pataya Thailand and Bangladesh will recover soon 🙏
@satt3922 Жыл бұрын
sadly thai chicks are not interested in south asian boys, unless they have money.
@AyyIi-s3o4 ай бұрын
Ribuan bahkan jutaan orang Bangladesh memilih mengungsi dan menjadi imigran gelap ke berbagai negara termasuk ke Indonesia, Malaysia, Arab Saudi, dan masih banyak lagi, sungguh sangat memprihatinkan sekali hidup susah tapi mereka rajin membuat anak hingga per pasang mempunyai lebih dari 25 anak, dan mereka melakukan sex bebas dan mereka banyak yang mengalami penyakit di alat vitalnya
@beau_de_jour3 ай бұрын
average tourist 😂 love thailand culture food and nature but wants to go to pattaya yes. look your picture on youtube.. cmon man. you guys have already screwed malaysia. just save thailand and leave it to the thais. they already have a lot of issues to deal with
@carlogardella5808 Жыл бұрын
Private debit is also a very important factor to be taken into consideration
@mariegrant93782 жыл бұрын
Even though the philippines had bad debts , this channel will present positive way for the Philippines. Filipino's mindset has to stay on top even you have to lie to yourself , that's the truth. tell me where did you get the money to build your modern cities , from your government alone? The Philippines may be more worse than Thailand.
@Iceyfire122 жыл бұрын
Philippines does have Metro Manila which is completely modern versus any section in Bangkok.
@mariegrant93782 жыл бұрын
@@Iceyfire12 but you couldn’t live just in the modern area while surrounded by the bad environment & low quality of life such as slum . high buildings in the mist of dirty areas. Bangkok developed the city from old town so it couldn’t be such modern but it’s sustainable that most people could use infrastructures , not create for the group of rich people.
@amourlim7002 жыл бұрын
Asking s2pid question omg
@mariegrant93782 жыл бұрын
@@amourlim700 poor you & stupid reply when you don’t even know about discussion questions.
@jsanon1634 Жыл бұрын
@@Iceyfire12 Completely modern? Just search videos "slum manila" "slum makati" "slum taguig" etc every city in Metro Manila is surrounded by slums. Search "pagpags" too. You wont find this anywhere else.
@patdwyer82622 жыл бұрын
A good video, I appreciate your work. Forecasts for tourism, as well as exports need to be updated, to current. You shall see a contraction. I'm in the US, and the Central Bank here (Fed Res) has to raise interest rates to curtail loans (cheap money), without defaulting the Gov. The best thing the Thai Gov., can do is to reign in spending, and taxation, and give foreign companies a best fit for taxation so that Thai labor can be employed. Pay particular attention to the cost of energy. All growing economies need it cheap. Best wishes. I don't know your background in economics and engineering, so I have to keep this at a base level. Glad you had the courage to post. I have family in the kingdom, and want them to prosper. Great people, the Thai. I love them dearly. Soon to visit. Plan on spending my USD there to support Thai's across the country. Wonderful people. I worry about them, and family.
@nightclawer66792 жыл бұрын
I'm Thai and our government have to invest heavily in infrastructure to keep up with Chinese investment project in Laos and Cambodia. More BTS, new railway system, High way across the country,EEC,EV etc. But right now the 1st problem from government mis projection is overloaded electricity which we have more than 50% reserved and we have to paid for unused capacity but good things is we have more than enough reserved electricity for transforming to EV which gain popularity recently due to expensive petroleum.
@RogueReplicant Жыл бұрын
The government investing in BTS? Isn't BTS a private company? So you think EV's sales will go up in Thailand because y'all have a little extra electrical capacity?? Really? Put down the bong ffs
@Iceyfire12 Жыл бұрын
@@RogueReplicant more like the government keeps that watchful Managing eye over to the BTS/MRT Lines to keep it on a progression course! With more stations could be more developments in the outer of Bangkok developing it forming its own unique community! They are constructing a new water transportation route modernizing the khlongs!
@SiameseCheese Жыл бұрын
@@RogueReplicant BTS is the private company that is contracted to operate and maintain the government owned line. The infrastructure is paid for and owned by the the city of Bangkok. I think the newer sections that extend beyond the city are probably owned and paid for by their provincial governments.
@lesbianalien34352 жыл бұрын
Have you researched the import tax into Thailand? Tired to import my car. Its 200% import tax. And its not based on the value of the car in my home country. It's based on the price the customs think its worth in Thailand. Then 200% added
@patdwyer82622 жыл бұрын
Then sell there, and buy local.
@lesbianalien34352 жыл бұрын
@@patdwyer8262 difficult to get a Porsche in Thailand. Otherwise I would
@packohub1145 Жыл бұрын
@@lesbianalien3435 just buy Volkswagen.. put a turbo on it
@lesbianalien3435 Жыл бұрын
@@packohub1145 yeah why not?
@packohub1145 Жыл бұрын
@@lesbianalien3435 WHY U DRIVE A PORSCHE WITH A LADYBOY PASSENGERS ON IT ? JUST BUY A TUKTUK LOW GAS, MAINTENANCE AND EASY TO DRIVE
@nicb.121313 күн бұрын
Spore DEBT is 800 BN. Plus+ Plus. Is this amount too small for a little country.
@vigomes12342 жыл бұрын
Guys, active closed captions in the end of video, text appears there.
@livingwater8882 жыл бұрын
Let us not forget Laos, Cambodia and Myanmar.... they should brought as quickly as possible to eliviate and bring on a par with the rest of developped ASEAN member countries
@Iceyfire122 жыл бұрын
Cambodia already has many sectors of development and outside investors. Laos on the other hand will always be on the side of China and let China develop the country. Burma is facing political conflicts due to Western NED inside influences just like they created Protests in Thailand! The US sanctioned Cambodia because they couldn’t create a massive protests resulting in the government to respond to the sanctions as due to US Politics!
@rudd2962 Жыл бұрын
Thailand 's debt is nothing compared to Europe You should do an article on Europe if really keen to sensationalize on such subjects UK 's debt to GDP is 3x before Truss proposed the debt reduction to appease the rich in the guise of helping everyone Germany's Debt to GDP is 2x while France is no better.. In short , the whole of EU is quite literally bankrupt and on top of this; they need to spend 500 bil to 800 bil on energy subsidies till end 2022 n to further providing funding n arms for the Ukraine war .. This will be the perfect time for Soros n clan to make a killing by shorting the pound n Euro ...!!
@alexlo77082 жыл бұрын
62% debt to GDP ratio are deem to be in safe zone economic providing Japan has 200+% debt to GDP ratio.
@picadosinferno Жыл бұрын
You can't compare any economy to Japan, especially an emerging one.
@alexlo7708 Жыл бұрын
@@picadosinferno So you can't use same measure to everyone.
@cherubimcherubim9515 Жыл бұрын
It's bad but not as bad as usa. United States Government debt accounted for 126.7 % of the country's Nominal GDP in Jun 2022. United States - public debt 2021/22, by month. In August 2022, debt of the United States was around 30.9 trillion U.S. dollars, around 2.5 trillion more than a year earlier, when it was around 28.43 trillion U.S. dollars.
@nurhendry54642 жыл бұрын
Nah~ I dont belive thai going bad situation In asean thai was the best country and the best society Love thailand from malaysia!!!!!!
@tieuphanhong2 жыл бұрын
What about the Philippines?😂
@bulatog3802 жыл бұрын
@@tieuphanhong Philippines is Philippines. We may have politicians composed of clowns but in the end we are not communists. 😂
@rannarann93162 жыл бұрын
What The heck. Asean are strong in economy. Debt are just numbers. The important is we all survive through crisis. Unlike others.
@rahmatjiwa6372 жыл бұрын
Yes. I love thailand. The massage always happy ending. 🤩
@livingwater8882 жыл бұрын
@@tieuphanhong Thailand, Vietnam and Philipines will great in 23 years from today. Please remember ASEAN will have an economy of usd 21 Trillion GDP PPP. So it would be better for all of us improve ourselves in your own speed and support each other collectively. We will become a prosperous society of 650 Million ASEAN community. Peace and love from Indonesia...💙❤💚
How about singapore who have foreign depat of 400% of its GDP ?
@alma09876Ай бұрын
Developed countries are still net positive lenders. Because if their citizens or corporations invested overseas, their central banks would record their INVESTMENT overseas as public debt.
@Jazzmaster712 жыл бұрын
It is not going to have future investments and tourists when the junta government keeps the Thai baht artificially high.
@Iceyfire12 Жыл бұрын
What’s high the baht hasn’t been 30 baht to a 1 dollar in long time! Right now it’s about 38 baht which is low! Median should be 35
@Jazzmaster71 Жыл бұрын
@@Iceyfire12 Not talking about the FIAT USD. All other currencies for the moment. Check Xe curency before and from 2014 when Prayt took over power with a coup. The USD is strong because the Fed is on track to increase interests rates faster than other major countries.
@fredob43 Жыл бұрын
When was this posted??? cos it's well out of date. Tourism has hit the rocks. Due to high flight prices and world problems + crazy costs once there. Agriculture 80% of farms have been flooded and will not be able to feed the locals let alone export anything. As far as I know Thailand in in big trouble. Until they reduce the overpriced BAHT it's not going to get much better.
@tapptom Жыл бұрын
Look at the Thai baht! Look at the USA dollar!
@User5467h-4etic Жыл бұрын
wrong...wrong wrong information
@rashidabdul54292 жыл бұрын
Behind Dept you tube channel
@sujoybarua39072 жыл бұрын
Through Tourism activities they will recover from debts ultimately soon or later. US led West should support Thailand to keep them always under QUAD/IPS control and investments. Otherwise Chinese BRI will creat another chaos like PK, SL & African nations etc. Because China is eyeing to creat a new canal like Suez type in andaman to avoid Singapore and Malacca Straits which US wont allow at all ultimately
@ShortWatchMovies2 жыл бұрын
Tourism in Thailand is declining. Beside hit by covid, there is also tight competition with neighbourhood countries that had its tourism sector improve a lot.
@user-yo9jo2fy5e2 жыл бұрын
Disagree. Thai will lose to Indonesia, the country has better quality in tourism, rich in culture and agribusiness. However, they need to fix their main problem, education and mentality
@p_19452 жыл бұрын
Thailand more likely to use their domestic debt in their project except sometimes they loan from ADB world bank or loan to japan and US directly, In term of Thai canal, they cannot do anyway because it will backlash from the public anyway and in tourism it will be up to who is win election in next election (no one know that gov. want to dissolve the parliament as they said in December after joking and clown APEC summit - election may be march or they stay full term and election in may - ECT declare it in recent day)
@Iceyfire122 жыл бұрын
@@ShortWatchMovies Tourism in Thailand isn’t declining its actually increasing since the Opening in July easing their major restrictions! Most Travel blogs in SEA is Bangkok Related most tourist from Asia flocked to Bangkok and other cities for the first time in 2 yrs! Tell me other than Bali and maybe Hanoi/Da Nang is gaining more traction than Bangkok/Phuket???
@Iceyfire122 жыл бұрын
@@user-yo9jo2fy5e you mean Indonesia has better beaches since they are made out of 10,000 islands lol and 300 million people to build their infrastructures and triple the size of Thailand! Rich in Culture please!!!! They are the massacred Chinese people in 1998 and those criminals and their children are alive!!! They overpopulate and pollute their rivers with trash!!!
Mai pen rai ! have billions of dollars in reserve.
@koalanotbear2 жыл бұрын
Interesting you should say, although I know that Thailand sits at Top 20 in the world for the Forex reserve, but I was wondering how exactly is this reserve gonna help Thai economy?
@alexlo77082 жыл бұрын
@@koalanotbear It helps them independently manage international trade and currency on its own decision view.
@koalanotbear Жыл бұрын
@@alexlo7708 Thanks alex Lo!!
@suarsivapong9311 Жыл бұрын
@@alexlo77081. Don't worry about currency fluctuations. In the case of domestic borrowing and the interest rate paid in their own currency. 2. Ability to rapidly invest in domestic infrastructure and to create stability in the country The overall economy has increased. 3. Debt to foreign countries has decreased. 4. Is safe from being attacked by foreign capital systems 5. Make progress for the economic system. 6. Able to lend loans to neighboring countries to develop infrastructure systems such as road in laos Cambodia and Myanmar, Railway (Laos) from Nong Khai to Vientiane 7. Funds can be set up as a base for the country's development in different areas of the country.
@omnienglishtanya952 Жыл бұрын
The Thai king has syphoned off many billions
@sanyasuk.8003 Жыл бұрын
There are just killers.
@asia.network54752 жыл бұрын
don't worry...they have a weed and sex industry. the only best service offered around the world.
@shukriramlee2 жыл бұрын
What about you? Religious fanatic and terrorism?
@Iceyfire122 жыл бұрын
What a BS remark like the other countries in SEA don’t have “Service” Its just Thailand is popular!
@sokapokvic25142 жыл бұрын
Many of them comes from neighboring countries and pretending to be Thai. Thai polices were tried to secure our borders everyday. Maybe your family members already here too in some bar here.🤣
@Tagohala2 жыл бұрын
Sex industry is the oldest industry in the history of the humankind, it sure is stable. Lol. 🤗✌️