Thai Examiner
Thailand struggles economically even with revised World Bank GDP growth for 2026 coming in at 2% for 2026
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Key facts
- Thailand’s final fiscal 2025 accounts expose a staggering ฿898.8 billion deficit, up 20.6%, as the World Bank lifts its 2026 growth forecast to a meagre 2%
- The kingdom’s fiscal 2025 accounts expose a ฿898.8 billion deficit as spending surges and tax collections disappoint
- Thailand’s fiscal deficit surges 20.6% to ฿898.8 billion as spending outstrips government revenue
- Thailand’s upgraded 2% growth forecast still leaves the kingdom far behind its regional neighbours
- Final figures for fiscal 2025 show a budget deficit approaching ฿900 billion, up more than 20%
- Government spending raced ahead of revenue, all three major tax departments missed targets, and public debt reached 65.08% of GDP, nearing the 70% ceiling
Summary
### The kingdom’s fiscal 2025 accounts expose a ฿898.8 billion deficit as spending surges and tax collections disappoint. The World Bank lifts 2026 growth to just 2%, against Vietnam’s 7.4%. Meanwhile, the IMF warns of debt, energy shocks and AI risks.
Thailand’s final fiscal 2025 accounts expose a staggering ฿898.8 billion deficit, up 20.6%, as the World Bank lifts its 2026 growth forecast to a meagre 2%. Government spending raced ahead of revenue, all three major tax departments missed targets, and public debt reached 65.08% of GDP, nearing the 70% ceiling. Meanwhile, the AI export boom offers limited relief as Vietnam races ahead with projected growth of 7.4%.
The World Bank has upgraded Thailand’s economic growth forecast to a meagre 2% for 2026. However, the improvement comes amid weakening public finances, disappointing tax collections and rapidly rising government expenditure.