Thai government's $115 billion budget clears first parliamentary vote
- The Thai Lower House approved a 3.78 trillion baht budget for the fiscal year starting October 1, 2026.
- The budget passed after a four-day debate amid a revised economic growth forecast lowered by one percentage point due to a threatened US tariff.
- Prime Minister Paetongtarn Shinawatra’s coalition set the budget with a 0.7% increase over 2025 spending despite internal disputes between major parties.
- The budget includes a deficit of 860 billion baht to address economic risks from global trade uncertainties, with Finance Minister Pichai calling growth 'relatively low'.
- The budget now moves to committee review before returning for second and third readings in August, potentially stabilizing the prime minister’s government.
17 Articles
17 Articles
Thailand’s whopping US$115bil budget clears first parliamentary hurdle
Thailand's lower house of parliament backed a 3.78 trillion baht ($115 billion) annual budget as Prime Minister Paetongtarn Shinawatra's multi-party coalition buried differences to support the spending plan.
Thailand’s $115 Billion Budget Clears First Parliamentary Hurdle
Thailand’s lower house of parliament backed a 3.78 trillion baht ($115 billion) annual budget as Prime Minister Paetongtarn Shinawatra’s multi-party coalition buried differences to support the spending plan.
Thai government's $115 billion budget clears first parliamentary vote
The Thai government's 3.78 trillion baht ($115 billion) budget for the 2026 fiscal year passed its first parliamentary vote on Saturday, but there will be a series of further votes before it can be enacted.
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