The Management of The Public Debt of The Government of Thailand

Abstract

Public debt is necessary for developing countries that narrow tax base and social and economic development. The study aims to determine factors affecting the public debt in Thailand. Secondary data from Bureau of the Budget during 2000 and 2010 are used regression analysis. The results show that expenditure of community and social service and routine expenditure have effect on Thai public debt. In addition, expenditure of community and social service, routine expenditure has highly correlated with in economic service, payment of loan and investment. It is implied that Thai government concern social protection systems, welfare state and long term of investment for production, service and creative jobs. Therefore, Thai public debt has useful social and economic development in Thailand.