The Finance Ministry, as well as the government, still owes the public an answer as to why our treasury reserves have dropped. Treasury reserves sank to 74.9 billion baht as of December last year from 386 billion baht at the end of 2015. Additionally, in April last year, a sum of 46.4 billion baht was borrowed against a backdrop of treasury reserves at 206.2 billion. The most recent example of high borrowing against treasury reserves was in October last year when the Prayut administration, with treasury reserves of 441.3 billion baht, managed to go ahead with borrowing 52.7 billion baht. But this government has mainly spent it and, as a result, has borrowed more to offset ballooning budget deficits.

Source: Bangkok Post February 08, 2017 21:31 UTC