• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Editor's Pick

Thai government plans slightly higher spending in 2025-2026 fiscal year

by December 24, 2024
written by December 24, 2024

BANGKOK (Reuters) – Thailand is planning a small rise in spending of 3.78 trillion baht ($110.7 billion) for the 2026 fiscal year and a slightly lower deficit of 860 billion that year, the government said on Tuesday.

The budget plan is based on expected economic growth of between 2.3% and 3.3% and inflation of 0.7% to 1.7% in 2026, it said in a medium-term fiscal plan, which was approved by the cabinet on Tuesday. The 2026 fiscal year starts on Oct. 1, 2025.

The plan projects a public debt-to-GDP ratio of 67.3% at the end of the 2026 fiscal year, up from 65.6% at the end of the 2025 year.

The 2026 budget plan would increase spending by 0.7% from the 3.75 trillion baht planned for the 2025 fiscal year, when spending is set to rise from 2024, according to the statement.

The deficit would fall by 1% from the 870 billion baht planned for 2025.

“The fiscal target of the fiscal plan still requires a deficit budget to maintain economic stability and focus on reducing the deficit to an appropriate level in the medium term,” the government said.

It will meet to discuss the 2026 budget plan on Jan. 3, a Budget Bureau official told reporters.

($1 = 34.15 baht)

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Fed’s rate path, Starbucks, xAI funding – what’s moving markets
next post
Indonesia stocks lower at close of trade; IDX Composite Index down 0.16%

You may also like

China central bank conducts 1.7 trln yuan of...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

ECB president fears loss of central bank independence

January 27, 2025

European tech shares tumble as China’s AI push...

January 27, 2025

Futures slip as investors eye China’s latest AI...

January 27, 2025

Markets may be repeating the mistake of 2019,...

January 27, 2025

How billionaire Caltagirone could influence Italy’s banking M&A...

January 27, 2025

How Italy’s MPS went from near collapse to...

January 27, 2025

Analysis-To weather Trump, emerging market investors look to...

January 27, 2025

Chinese AI startup DeepSeek overtakes ChatGPT on Apple...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks

      June 26, 2025
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

      June 26, 2025
    • Bumble shares jump 26% as dating company plans to axe 30% of workforce

      June 26, 2025
    • Small-business AI use is lagging, but one firm is channeling Sherlock Holmes and knocking out ‘grunt work’

      June 25, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (534)
    • Stock (6,426)

    Latest News

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

    Popular News

    • US expands sanctions against Iran, Treasury Dept says
    • ‘Trump trade’ lifts dollar, Asia stocks await China news

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy