The list of agencies under state supervision and their outstanding debts as of
September 2010 and 2011 is provided in Table 3. The finding reveals that fifty-nine agencies
under state supervision are empowered by laws to issue debt and/or obtain loan while twentyseven
of them are not allowed to borrow according to their establishing laws. In addition, it is
interesting to note that even though the laws allow these agencies to borrow, most of them
have not done any borrowing. Among fifty-nine agencies, there are only three agencies that
have borrowed which are Neighboring Countries Economic Development Cooperation
Agency, Office of the Welfare Promotion Commission for Teachers and Educational
Personnel, and Bank of Thailand. For Neighboring Countries Economic Development
Cooperation Agency and Office of the Welfare Promotion Commission for Teachers and
Educational Personnel, their outstanding debts as of September 2011 were 507.2 and 685.2
million baht which are considered as small compared to the total amount of public debt14.
However, with regard to the debt of the Bank of Thailand, the number as of September 2011
was approximately 3.846 trillion baht which is not trivial when compared to the total public
debt which was approximately 4.448 trillion baht at the same period. Note that once debt of
the Bank of Thailand is included in the public debt figure, the total amount of public debt as of
September 2011 is almost doubled.