Page 72 - Annual Report 2552

PDMO PUBLIC DEBT

MANAGEMENT
OFFICE

Figure 7 : Funding Plan Financed by the Government

Domestic
borrowings
26%

SOEs Income
earnings
74%

Domestic borrowings SOEs Income earnings

Source : PDMO

It can be noticed that during the preparation of SP2 measure, the national economy had been
severe caused by the world economic slowdown in 2009. Consequently, there was only 2% of the

government annual budget allocated to SP2, and the government had to seek for other funding sources,
for instance borrowings or new financial innovations.

Borrowings from the public debt management act and from the emergency decree were regarded
as the most necessary sources, accounted for 36% and 31% respectively. Mostly, external borrowings

were applied for high import content projects in order to absorb any impact on balance of payments.
However, if the domestic markets would be available, domestic borrowings was also taken into account

via financial institutions or domestic bonds.

รายงานประจำาปี 2552 ANNUAL REPORT 2009 71