Thailand is expected to record a Government Budget deficit equal to 2.80 percent of the country's Gross Domestic Product in 2023. Government Budget in Thailand averaged -1.45 percent of GDP from 1979 until 2023, reaching an all time high of 4.90 percent of GDP in 1991 and a record low of -9.10 percent of GDP in 2021. source: Ministry of Finance, Thailand

Government Budget in Thailand is expected to reach -2.50 percent of GDP by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the Thailand Government Budget is projected to trend around -2.00 percent of GDP in 2025, according to our econometric models.




Related Last Previous Unit Reference
Credit Rating 65.00 Jan 2025
Fiscal Expenditure 208029.00 521911.00 THB Million Nov 2024
Government Budget -2.80 -5.60 percent of GDP Dec 2023
Government Budget Value -31182.00 -320320.00 THB Million Nov 2024
Government Debt to GDP 61.90 60.90 percent of GDP Dec 2023
Government Revenues 176847.00 201591.00 THB Million Nov 2024
Government Spending 453327.00 393263.00 THB Million Sep 2024
Holidays
Military Expenditure 5765.80 6031.00 USD Million Dec 2023

Thailand Government Budget
The Government Budget to GDP ratio is an itemized accounting of the payments received by the government (taxes and other fees) and the payments made by the government (purchases and transfer payments) relative to GDP. A budget deficit occurs when a government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.
Actual Previous Highest Lowest Dates Unit Frequency
-2.80 -5.60 4.90 -9.10 1979 - 2023 percent of GDP Yearly