Assignment Problem: "The large fiscal stimulus response to support the economy and public health saw Thailand's public debt increase from 41.2% of GDP at end-2019 to 59% in October 2021, though still below the raised debt ceiling of 70%. However, most of the public debt is long term (85.7%) and domestically sourced (98.2%). Foreign currency debt is only at 1.8% (of total public debt), with all of the direct government external debt borrowed from the World Bank, Asian Development Bank and foreign governments. Off-budget expenditure was, meanwhile, supported by legislated borrowing of THB 1.9 trillion in three emergency decrees during 2020, and a new set of emergency loans (THB 500 billion) in May 2021. While the budget deficit is expected to narrow in the fiscal year 2022 (FY22), the size of the projected fiscal shortfall nevertheless suggests that additional pressure remains on Thailand's public debt profile. Consequently, the authorities expect public debt to rise to 62.6% of GDP in FY22."
My question:
Q1. Does this increase in public harm the foreign business when entering Thailand market?
Q2. Is the rising public debt considered as financial risk?