Government-backed loans for state enterprises were equivalent to 17.6 percent of public debt

Government agencies have been ordered to cut spending and increase tax collections

The airline was the second biggest holder of foreign debt among state-owned enterprises last year

The government plans to issue $8.85 billion worth of sovereign bonds in 2017-20 to fund public projects

70 percent of the bonds will have maturities of five years or longer

The ratio is forecast to hit 62.3 percent of GDP at the end of this year, but officials assure...

Local media reported that two agencies in the south are drowning in debts totaling on $13.25 million  

Officials seem to think that budgets can always be replenished, disregarding fiscal discipline, experts say

Officers say many defaulters have paid up after being publicly named and shamed

Public giants saw debts soar to $68.43 billion last year while profits fell 1 percent  

Public debt is expected to reach 61.3 percent of GDP at the end of this year  

The genesis of the 1997 Asian financial crisis lay in reckless foreign borrowing by Thailand and Indonesia

They are reluctant to increase the country's indebtedness, but some of their colleagues say it is "necessary" and "urgent"

Half of the borrowings will be used for debt servicing as budget is set to stay in deficit