Amidst a backdrop of sluggish economic growth and political turnover, legislators in Thailand recently passed the 2026 budget, giving us a window into the country’s fiscal condition and how it plans to try and revive growth in the year ahead. At 3.8 trillion baht (roughly $116 billion), spending is set to increase 0.7 percent compared to the previous budget of 3.75 trillion. The plan includes stimulus measures, but they are notably scaled back compared to recent years.
As with any budget analysis, we start with the overall economic picture. Since the COVID-19 pandemic, Thailand has been battered by economic headwinds, including rising geopolitical and trade tensions.
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