Les aspects juridiques de la gestion de la dette publique en Thaïlande

Abstract : The government, as the administration, is responsible for public services, public affairs and administrative missions. It is, therefore, necessary to spend a great number of money consecutively. The main income of the government earned by the tax collection is not enough for its missions and the other necessary things. That’s why it had to loan more and more money from the domestic and international financial institutions. In Thailand, money has been loaned since the reign of King Rama V. After the Siamese Revolution of 1932, Thailand has incurred more public debt from the international financial institutions and foreign governments for country’s development. Public debt of Thailand and different countries has enormously increased while the notion of public debt management has also developed and the special acts on public debt management have been issued in many countries, because of the necessity of incurring public debt of several countries as well as economic crisis happened around the world. In Thailand, the Public Debt Management Act B.E. 2548 (2005) is considered as the principal law authorizing the government to incur and manage public debt in various ways for adapting to changing circumstances such as public debt incurred for social and economic development, for debt restructuring and financial transaction used for reducing the risk on public debt, etc. Moreover, it authorizes the establishment of a central organization only responsible for public debt management. The said act makes the public debt creation and management more unique and efficient. Nevertheless, according to study carried out on legal measures prescribed by the Public Debt Management Act B.E. 2548 (2005), there are two major problems of public debt management: the public debt creation is contradictory to the good fiscal discipline. The enforcement of the public debt management act is not comprehensive and efficient for reducing the amount of public debt and maintaining long-term economic stability. Therefore, we would like to suggest a concrete solution to solve such problem of public debt management by implementation of legal mechanisms in order that the fiscal discipline becomes effective and stable and that the Public Debt Management Act B.E. 2548 (2005) can be amended. This allows the stable and efficient systems of public debt management in Thailand.
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Contributor : Verasit Buranapraphanont <>
Submitted on : Friday, April 17, 2015 - 9:52:38 AM
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  • HAL Id : tel-01143232, version 1



Verasit Buranapraphanont. Les aspects juridiques de la gestion de la dette publique en Thaïlande. Droit. Aix-Marseille Université, 2015. Français. ⟨tel-01143232⟩



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