Thai Examiner
Prachachart Party leader warns public finances face a deep crisis with falling tax income and more debt
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Key facts
- Thawee Sodsong reveals a ฿138bn revenue gap, ฿754 billion in borrowing and ฿300 billion in unused loans, with stalled stimulus funds, weak tax receipts and growing concerns over government spending discipline.
- Consequently, the shortfall exceeded ฿70 billion, representing a decline of around 57%.
- The government recorded net revenue of only ฿2.78 trillion
- As a result, the state had to borrow ฿754 billion to close the gap
- Thawee compared the imbalance to a household earning ฿28,000 monthly but spending ฿40,000 and relying on debt.
- Government revenue shortfalls expose business weakness and falling consumer purchasing power
Summary
### Thailand faces a fiscal warning as Pol. Col. Thawee Sodsong reveals a ฿138bn revenue gap, ฿754 billion in borrowing and ฿300 billion in unused loans, with stalled stimulus funds, weak tax receipts and growing concerns over government spending discipline.
Thailand’s public finances are under intense scrutiny after Prachachart Party leader Pol. Col. Thawee Sodsong exposed a widening budget crisis marked by a ฿138 billion revenue shortfall, a ฿754 billion borrowing bill and billions more in unused loans and stalled stimulus funds.
Prachachart Party leader and party-list MP Pol. Col. Thawee Sodsong has warned of mounting fiscal strain after the government missed revenue targets and relied heavily on new borrowing to finance spending.