Thai Cabinet ratifies 3.6 trillion baht budget for fiscal year 2025

The Thai Cabinet ratified a 3.6 trillion baht budget for the fiscal year 2025. This sees an expansion of the budget deficit to 713 billion baht, a 2.89% increase from the previous year.

The new budget was approved by the Cabinet on Tuesday, following its presentation by the Budget Bureau. It was announced by the Deputy Government Spokesperson, Rudklao Suwankiri. This budget reflects a 3.4% increase from the 3.48 trillion baht allocated for fiscal 2024.

Fiscal 2025 starts on October 1, 2024.

Rudklao informed that the budget for fiscal 2025 includes a deficit of 713 billion baht. This is necessary to ensure the continuity of economic expansion and stability, she said.

The government projects a net revenue of 2.88 trillion baht for 2025, which is a 3.6% increase from 2024. Public debt is estimated to stand at 12.7 trillion baht, equivalent to 63.7% of the GDP.

The country’s GDP…