# Watch US Election Battle Shake Thailands Debt: Phachara Warns of Rising Interest Rates and Export Disruptions

> Thai SEC member Phachara Naripthaphan warned that the U.S. midterm election outcome could affect Thailand’s borrowing costs, growth and exports. He urged a clear plan to reduce the budget deficit, while Thailand’s public debt was estimated to rise from about 68% of GDP in fiscal 2026 to near the 70% legal ceiling in fiscal 2028.

- Date: 2026-11-05 · published 2026-11-06T00:10:43.409Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/82749-watch-us-election-battle-shake-thailands-debt-phachara-warns-of-rising-interest
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Changes in U.S. bond yields can feed through to global financing costs, while U.S. tariff policy could affect Thai export demand. The article gives no specific feed or agricultural commodity exposure, so a direct commodity-price direction is unclear.

## Sources

- en.thairath.co.th: https://en.thairath.co.th/news/local/bangkok/2970547

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.