Thailand Addresses Household Debt & Sees Economic โฃImprovement
thailandโข is tackling a significant householdโฃ debt burden affecting 3.4 million people, totaling over 122 โbillion baht. Theโข Economic Cabinet is focused on finding โfair and sustainable solutions,particularlyโฃ for small debtors of non-bank lenders and โขotherโ creditors,prioritizing a debtor-centric approach. A key component of this strategy is โฃthe development of a comprehensiveโค household debt database, encompassing all financial service providers and incorporating both conventional and alternative data sources.This aims to provide all relevant sectors withโ complete information for accurateโค creditโ risk assessment, perhaps utilizing the Ministry of Finance’s developing “Ari Score” as โan alternative credit scoring tool.
Farmers’ Debt Relief Through BAAC AMC
Specific measures are being developed for the agricultural sector and Small and โคMedium Enterprises (SMEs). The bank for Agriculture and Agriculturalโข Cooperatives (BAAC) โขis establishing anโค Asset Management Company (AMC)โ by November to manage non-performing farmer loans. This initiativeโข intendsโ to assist approximately 100,000 farmers burdenedโค with โขover 7,000-8,000 million baht in debt through โขrestructuring options like principalโ reduction, โextended repayment periods, and facilitating re-entryโ into the credit system. This builds upon existing government debt relief efforts. Plans for SME debt relief are โคcurrently being finalized.
Positive GDP Forecast โfor Q4
The Thai economyโค is showing signs of recovery. The Ministry of Finance projects aโฃ 1.1% GDP expansionโข inโ the fourth quarter of the year, anโ increase from the previously estimated 0.3%. This positive โขrevision โis attributed to recent economic โคstimulus measures, notably โขthe “Half-Half Plus” project, โคincreased government spending, and budget disbursement.
“Half-Half Plus” project โคUpdate
Asโ of November 10, 2025, at 5:00 โฃp.m., the โฃ”Half-Half Plus”โ project hasโฃ seen 19.62โข million prosperous participants out of โคa total of 20 million eligible recipients.total โspending throughโฃ the project has reached 28,794 million baht,distributed across โ820,449 participating stores,resulting in 203.99 million โคtransactions. The Ministry of Finance is urging remaining eligible citizens to initiate spending by November 11, โ2025, at 11:00 p.m. โคto avoid forfeiting their participation. unused โคfunds from โthis phase will be considered for useโข in future project iterations.
Food Delivery Spending within “Half-Half Plus”
Spending โขthrough food delivery โขservices within theโ “Half-Half plus”โ project has reached 360 million baht from 1.31 million users. LINEMAN leads in spending with 215 million baht, followed by Grab at 127 โmillion baht.โ ShopeeFood recordedโค 17 million baht โฃin spending, and Robinhood accounted for 6.1 million baht.
