PUBLISHED : 13 Nov 2025 at 18:44
Thailand will submit its budget for the 2027 fiscal year to the cabinet on Nov 25, Finance Minister Ekniti Nitithanprapas said on Thursday.
The budget for Southeast Asia’s second-largest economy in the fiscal year of 2026 has been set at 3.78 trillion baht (US$115.42 billion) with a deficit of about 860 billion baht.
“The budget deficit in 2027 will be significantly lower than of 2026,” Mr Ekniti said, adding that by 2029 it will be no more than 3% of gross domestic product (GDP)
There are also plans to increase government revenue, and public debt will not exceed 70% of GDP, he said.
Finance Minister Ekniti Nitithanprapas gives a keynote speech at the Thailand Future Signal 2026 seminar in Bangkok on Monday. (Photo supplied)
On Monday, the finance minister said at an economic forum on Monday that the government will use the Fast Pass system to expedite permit approvals — including those for water and electricity connections — in order to increase investments.
Last month, the cabinet approved an investment budget of 1.6 trillion baht for state enterprises in fiscal 2026, which is expected to lift GDP growth by 0.3 percentage points.