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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.
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Thai government’s $115 billion budget clears first parliamentary vote

Thai government’s $115 billion budget clears first parliamentary vote

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1330 & 101.5 WHBL broke the news in on Saturday, May 31, 2025.
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