THAILAND’S BUDGET IN BRIEF FISCAL YEAR 2022

2) Borrowings for the Fiscal Year Table IV-5 (in million baht) Direct Domestic Government Loans ItIetemm FFisisccaallYyeeaarr FFYY22001188 FFYY 201199 FFYY22002200 FFYY22002211 FFYY 22002222 1. Budget Deficit 500,358.1 348,978.0 570,022.0 608,962.5 700,000.0 Financing Loans - - 214,093.0 127,430.0 - 2. Loans for - - 373,761.0 580,733.0 - Accommodating - -- 150,000.0 350,000.0 the Cases of Expenditures in Excess of Revenues 3. Loans for Operating Programmes or Projects under the Emergency Decree Authorising the Ministry of Finance to Raise Loans to Solve Problems, to Remedy and Restore the Economy and Society as Affected by the Coronavirus Disease Pandemic, B.E. 2563 (2020) 4. LAodadnitsiofonarlOLpoearnastifnogr POropegrraatminmg ePsrougnrdamermthees ADundedcdreietrieothAneauElthEmomerriegsreignnegcnytchye MDiencirseteryAoufthFoirnisainncgethtoe SMolinviestErycoonf oFminiacnacne dto SSooclviael EPcroonbolemmics aansd ACSofofrceoicantleaPdvriobrubysletDhmeissecaausesed 2b0y1t9hePCanodroenmaivci,ruBs.E. 2D5i6s4ea(s2e022011)9 Pandemic, B.E. 2564 (2021) 138 138

Table IV-5 Direct Domestic Government Loans (Cont'd) IItetemm FFisisccaallYyeeaarr FFYY 201188 FFY 2001199 FFYY 202200 (in million baht) FFYY 20211 FFYY22002222 5. Loans for Liquidity - - - 98,578.9 45,000.0 Management of the 46,996.0 61,926.0 43,483.4 59,609.5 62,021.7 Treasury Account 4,375.0 1,017.0 800.0 163.5 29,963.8 6. Loans for on-lending 182,500.0 242,167.0 227,685.0 729,816.0 857,297.8 7. Local Currency - - 3,173.9 - 50,800.0 Loans in lieu of Foreign Loans 70,732.0 45,732.0 76,986.2 40,000.0 29,200.0 97,059.1 121,800.0 35,000.0 69,000.0 25,450.0 8. Loans for Debt Management 9. Loans for Management of Local Currency Loans in lieu of Foreign Loans 10. Loans for the Management of Loans for the Financial Institutions Development Fund B.E. 2541 (FIDF 1) 11. Loans for the Management of Loans for the Financial Institutions Development Fund Phase II B.E. 2545 (FIDF 3) 139 139

Table IV-5 Direct Domestic Government Loans (Cont'd) IItteemm FFisicscaallYyeeaarr FFYY 201188 FFYY 20199 FFYY220020 (in million baht) FFYY220211 FFY 2002222 12. Loans for the - - - 50,000.0 63,000.0 Management 16,034.2 50,445.8 31,610.4 49,302.2 54,894.2 of Loans to Solve Problems, - 15,812.0 15,000.0 - - to Remedy and Restore the Economy and Society as Affected by the Coronavirus Disease Pandemic 2019 13. Loans for Management of Loans for on-Lending 14. Loans for Management of Loans Borrowed by the Ministry of Finance to Repay the Loans Guaranteed by the Ministry of Finance (Debt Repayments for Other Borrowers) 140 140

Table IV-5 Direct Domestic Government Loans (Cont'd) Table IV-5 (in million baht) Item DFisicrael ycetarDoFmYe2s01t8ic GoFvYe2r0n19menFtYL2o02a0ns (CFYon20t2'1d) FY 2022 1I5tI.etmeLMmoaannasgfeomFrFeisinscctaaollfYyeeaarr FFYY 220188 FFYY 201199 FFYY 220200 (in million baht) FFYY 202211 FFYY220022 15. LLooaannss ffoorr the - 7,682.0 24,000.0 90,872.0 16,682.0 MReacnoavgeermy eanntdof - 7,682.0 24,000.0 90,872.0 16,682.0 SLtoraennsgtfhoerntihneg of 220,717.0 100,463.0 130,000.0 295,000.0 245,000.0 tRheecEovcoernyomanyd SSttirmenugltuhsePniancgkaogfe 16. LthoeaEnscofonromy SMtiamnaugluesmPeanctkoafge 16. LProea-nmsaftourrity Debts ManaTgoetmael nt of 1,138,771.4 996,022.8 1,745,614.9 2,949,467.6 2,529,309.5 Pre-maturity Debts 220,717.0 100,463.0 130,000.0 295,000.0 245,000.0 N.B 1. Items 1-7 are new borrowings and Items 8-16 are management of Tthoetaglovernment's1e,1x3is8ti,7n7g1d.4ebts. 996,022.8 1,745,614.9 2,949,467.6 2,529,309.5 2. Figures for FY 2018-2020 are results from the operations according N.B 1. Itotetmhse 1P-u7balirceDnewbt bMoarrnoawgienmgesnatnPdlaItne.ms 8-16 are management 3. FofigthueregsofvoerrFnmYe2n0t2's1eaxrisetisntgipduelabttesd. under the Public Debt Management Plan 2. FiYgu2r0e2s1f-oTrhFirYd 2R0e1v8is-i2o0n2, 0apaprerorveesdulbtsy ftrhoemcathbeinoepteornatJiuolnys2a7c,c2o0rd2i1n.g 4. FtoigthuerePsufbolricFDY e2b0t2M2 anreagtheemdernat fPteldanP.reliminary Public Debt 3. FMiagnuaregsemfoernFt YPl2a0n2a1paprreovsteidpublyatehde uSnudbe-Cr tohmemPiuttbeleicfoDreRbet vMieawnianggeamnednt Plan FDYel2ib0e2r1a-tTinhgirtdheRPevuibsiloicn,DaepbptrMovaendabgyemtheentcaPblainneat nodn FJuollylo2w7i,n2g0U21p. on 44. FFthiigeguuBrroeerssrfoowriFngY P22r00o22j2e2caatrsreeutnshdteiepdrurtlahafeteTddhPiurrndedlBeim.rEitn.ha2er5y6P4Puu(b2bl0ilic2c1DD)eebbtt Management Plan FMPYuab2nl0aic2g2eDm,eaebpntptMrPoalvanenadgaebpmypertnohtveePdClaabnbyaitnhseeotSfouAnbu-SgCeuopsmtte2mm4i,btt2ee0re22f1o8.r, R20ev2i1e.wing and Source :DtheePluiBbboelrrircaotDiwneignbgtthMPeraPonujaebgcleitcsmuDennedtbeOtrMftfhiaceneTagheirmdeBn.tEP.l2a5n6a4n(d20F2o1ll)owing Up on Public Debt Management Plan as of August 24, 2021. Source : Public Debt Management Office 141 141 141

2.1.2 External Debt 1) Outstanding External Debt As of June 30, 2021 public external debt stood at US$ 4,662.8 million (approximately 150,437 million baht) consisting of US$ 3,459.3 million of direct government debt (approximately 110,474.9 million baht) and US$ 1,203.5 million of state enterprises government guaranteed loans (approximately 39,962.1 million baht). Table IV-6 Outstanding External Debt as of June 30, 2021 (in million US$) SSoouurrcceess DDiirreecctt GGuaranteedd Total GGoovveerrnnmmeenntt Debt DDeebbtt 1. World Bank (IBRD) 791.5 - 791.5 2. ADB 961.0 - 961.0 3. JICA 1,702.2 1,195.6 2,897.8 4. Others 4.6 7.9 12.5 Total 3,459.3 1,203.5 4,662.8 N.B. 1. Exchange rate 1 US$ = 32.2219 baht which is an average selling rate as of June 30, 2021 according to the Bank of Thailand's data. 2. The swapped external debts under the exchange rate risk management scheme are converted at the rate of that executing date. Source : Public Debt Management Office 142 142

FigureFIiVg-u4re IV-4 AOTuottAsaatOlsaTonoufofdt4tJisaan,ut6lsgan6onoEe2f.fdx384tJ0iemn,,u6rg2inn6l0laEe2i2lo.1x38Dnt0eemU,brS2tinl$0lai2lo1Dn eUbSt$ million US$ million US$ 3,000 2,530,0000 2,020,0500 1,520,0000 1,010,0500 510,0000 0500 0 Direct Government Debt Guaranteed Debt Direct Government Debt Guaranteed Debt 143

2) Borrowings for the Fiscal Year eleonnattenerrspparrsiissfeeo2lbbl)ooorrwrrPBPoosuuwwo:bbriillnnriiccggossweeggxxinuutteeaagrrrrnnsaaaannfllotteerbbeeooddtrrhrrbbooeyywwFttiihhnniseeggcssaggoolccvvooYeennerrssnnaiissmmrtt eeoonnfftt.. direct government loans and state diIrtecctangobveecrnlamsseinfitedloabnyssoanudrcesstaotef It can be classified by sources of loans as follow1s. : World Bank (International Bank for Reconstruction and 21.. DDJIWJTTnaahheeptpoeeevvaarreenlnAAndllooassIIBtnnppiiiaattmmoanneennrreeDDannknnlaaeett(ttCIvvii--nooaeeIItnnpllBBeooaairRRtppllnammaCCDDltMeeooi))onnooanttppraBBeeklrreaaaaBtnnttsaiikkoonnn((kAAAAfDDoggrBBeeRnn))cceyyco((nJJIIsCCtrAAuc))tion and 2343.... 4In. sInetteirnngattihoenapl uCbalpicitaelxMteranrkaletbs orrowing ceiling, considerations are given ctoefaftecfetocftecacoohhrrooxuxooxuxonnooeerrddrrsputptummeetteerrtooeenntthheesiirrtthhmmnnggttooeennnnrreeossnnffttaaccyyeefaaooeeffllyy''ssbboollssssrrbffttbbeeaalliiiioddpplliippcciinnhhoooonnggreeuuaaaattrrrwwttnnbbrrbbyybbonneeooffttooaalliiwrrccrrwwiinnIccnnbbrrooiiccssnirraaggnnaalleeiimmnooeeppnnggttrrddgiiswwffiivvggooeeettsaaiicciissaarriinnnntbbccccnneea..aatllaattttieenqqggppooffnllmmooduuiiTTssrrgttttrrppssrrttiiooaahhaaeetiirree::llllopptrrsseeeeaaiihkkiieegguubbmmssnnnnmmpeeerreennllooccrvvaaeettoorrhhossoottpddeennrrccvveeaammmoossuoottuuddeesswwsswwbmmrroeemmaarriilbbtiissaafftteeieeenneeffhhceeoottnnssrrnnwwggeetrrttoocchiinnttenntteeiicc,,mmhheaaxooiieellnneennllsseesstttbbdevvttddsseeooaaeaareewwtteeooxxnssrrvaabbxxssbbggrrpphhbbaeiittccoottjjuulloommliilllhheeeeiiwwccoiiaattrrccsseeeeyyhhbeettrrpiihhttddssaannonniimrreeiivvnnwwoottrggaannooddreetteffttssggeeeeffoiippssnoorreewttaarrteennhhiiii11oottrrnnonniooooooeeee00jjnppggftteeffgrrooiiccbbdrrppeeeeppnnffeerrttaaovvxxrreessddcuuttddhhaaeemrriicceeebbuuoommnntteewwirrll,,eccluuccddiieeieeseecciieessttccneeddtttwwoollnnuuhhddigiiyyddcffnnttrroo,ooeerrrrggttdrriieessrroobbeeaacmmkkeetteppnnnnttoii55iibffllppppttddggnssaaiiiituunnoonnttnnsppccaaiisllirraatteeppeeccaaedhhttffnnrreeuuccttcooeeeeessccxxoollccurrrccooddaaeecceeauuoorrreettmmihhiitnnaanneenntttggittaahhittoddttootteettnneiieenn..eenoosbbnnggbbbbggsccaappttmeeeeyyoouuooMM,,llooavvaarrffarrrffrrpprrttnnooeertteiiiihheerrffiikrrnnssccrrnnooeeooeenneekkeeeaagccssnnrroomm,,tnnieessllyy.ssvvaavaaccuuiieetteennggwweehheoorrnnttrrddooddnnneeeefftt,,,, costs of borrowings and to promote theTdaebvelleopImVen-7t of domestic debt securities market. Sources Direct GToavbelrenImVe-7nt Loans (in million US$) Direct Government Loans FY 202(i1n miFllYion20U2S2$) Fiscal Year FY 2018 FY 2019 FY 2020 SS1o. urAcDesB FFiissccaallYYeeaarr FFYY92920.041188 FFY 2-2001199 FFYY2200-2200 FF1YY,5202000.22011 FFYY 22-002222 21.. AJIDCAB 99.4- -- 84.4- 1,500.0- -- 2. JICA Total 99.4- -- 8844..44 1,500.0- -- N.B 1. Figures forTFotYa2l 018 - 2020 are res9u9lt.s4accordin-g to the P8u4b.l4ic Deb1t ,M50a0n.a0gement -Plan. N.B 2. Figures for FY 2021 are stipulated under the Public Debt Management Plan 1. FFFFiiiYggguuu2rrr0eee2sss1fff-oooTrrrhFFFirYYYd 222R000e212v281isai-aorr2nee0,t2saht0peippadurrrloeaavtfreeteeddsdubuPlyntsrdtehealreicmctchoianerbadPirinnuyegbtPlotiuocnbtDlJhiuceelbDyPt ue2Mbb7tal,iMn2ca0Dag2nee1abm.gteeMnmtaePnnlatagnement Plan. 32.. 33.. FFMPFiilgYagaunun2rar0eaegs2pse1pfmfo-orTerorhnvFiterYdPdlb2Ray0ne22tvah22inseaiadoSrrneuFe,botsah-ltClpeioppodwurmroilanmavfgetietdUtdebpePuyonrftoendhrleeitmRhrceeiatnhvBbaieieornwyrePritPonuowugbnbliainlJcnigucdDlPDyDere2obeb7ljttie,bMcM2et0sara2anu1tani.ngdgeermthteehennePttTuPhblilaricdn Debt FPBYl.Ea2n.02a25p26p,4rao(pv2pe0rd2o1bv)yePdthubebylSitcuhbDe-CeCboatmbMminaienttaeogenefmoSreenRptetePvmileabwneianrsg2o8af,nAd2u0Dg2eu1ls.itb2er4a, t2in0g21th. e Public Debt Management Plan and Following Up on the Borrowing Projects under the Third Source :BP.Eu.b2l5ic6D4 e(2b0t 2M1a)nPaugbelmiceDnteObtffMicaenagement Plan as of August 24, 2021. Source : Public Debt Management Office 144 144 144

33.. FFoorreeiiggnn AAiidd Thailand receives economic and technical assistance from foreign countries in terms of experts, volunteers, scholarships and trainings, equipment, and grants. The assistance supports development activities through projects in transportation, agriculture, general administration, education and public health. Foreign aid can be classified by sources as follows: Table IV-8 (in million baht) Foreign Aid by Source Sources FFYY 22018811// FFYY 20119922// FY 2200220033// 1. Japan 197.9 219.2 135.0 362.3 266.8 424.7 2. European countries 950.0 804.1 941.2 3. USA 4.0 1.0 7.1 499.1 557.3 568.9 4. Asian Countries 152.9 68.0 62.1 104.0 100.0 5. United Nations - 0.9 0.7 0.1 6. Non-Governmental Organizations 7. Volunteers 4/ 2,139.1 8. Other sources 5/ Total 2,271.1 2,017.1 N.B. 1/ Exchange rate for the fiscal year 2018 1 US$ = 33.90 baht 2/ Exchange rate for the fiscal year 2019 1 US$ = 31.70 baht 3/ Exchange rate for the fiscal year 2020 1 US$ = 31.21 baht 4/ For FY 2020, foreign aids from volunteers were already included in the amount of aids from individual countries. 5/ Other sources include SEAMEO, Colombo Plan Staff College (CPS), and Egypt. Source : Thailand International Cooperation Agency, Ministry of Foreign Affairs 145 145

millmioilnliobnahbtaht FFigiguurreeIIVV--55 1m,0i01ll0,i0o0n0baht FFoorreeigignnAAiidd FFYFYig22u001r1e88I--V22-050220 1,000 Foreign Aid FY 2018 - 2020 500 500 500 0 0 0 FY 2018 FY 2019 FY 2020 FY 2018 FY 2019 FY 2020 FY 2018 FY 2019 FY 2020 146

BUDGET BUREAU