Thailand recorded a Government Budget deficit equal to 2.20 percent of the country's Gross Domestic Product in 2024. Government Budget in Thailand averaged -1.47 percent of GDP from 1979 until 2024, 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 -2.00 percent of GDP by the end of 2025, according to Trading Economics global macro models and analysts expectations.



Related Last Previous Unit Reference
Credit Rating 65.00 Mar 2026
Fiscal Expenditure 186477.00 343340.00 THB Million Jan 2026
Government Budget -2.20 -2.80 percent of GDP Dec 2024
Government Budget Value 39032.00 -86440.00 THB Million Jan 2026
Government Debt to GDP 63.70 61.90 percent of GDP Dec 2024
Government Revenues 225509.00 256900.00 THB Million Jan 2026
Government Spending 434494.00 400800.00 THB Million Sep 2025
Holidays
Military Expenditure 5522.40 5745.70 USD Million Dec 2024


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
-2.20 -2.80 4.90 -9.10 1979 - 2024 percent of GDP Yearly