Bangkok Post
How to spend smarter
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Given the government's strong base of support in parliament, approval of the fiscal 2027 budget bill proceeded smoothly during the first reading earlier this month.
Key facts
- Given the government's strong base of support in parliament, approval of the fiscal 2027 budget bill proceeded smoothly during the first reading earlier this month.
- This momentum was reinforced by the Constitutional Court's ruling last week that the 400-billion-baht loan decree did not contravene the constitution, dispelling any concerns about additional borrowing this year.
- The government's investment budget in fiscal 2027 accounts for 20.8% of total expenditure, which is considered relatively low.
- The fiscal 2027 budget is set at 3.788 trillion baht, up 0.2% from the previous year
- The government's investment budget should be raised to 25-35% of total annual expenditure to help transform the country, according to a think tank.
- Net revenue is projected at 3.0 trillion baht, leaving a deficit of 788 billion baht, roughly 3.8% of GDP.
Summary
This momentum was reinforced by the Constitutional Court's ruling last week that the 400-billion-baht loan decree did not contravene the constitution, dispelling any concerns about additional borrowing this year.
However, these developments have not eased business concerns over budget allocation, particularly the heavy burden of recurring expenditure while investment spending remains limited, potentially undermining the country's long-term competitiveness.