On 19 June, 2024, Thailand’s Prime Minister Srettha Thavisin proposed a budget of THB 3.753 trillion (USD 102 billion) for the 2025 fiscal year in the parliament.
Srettha informed the House of Representatives that the budget is aimed at helping the economy reach its full potential.
Thailand’s economy, which is the second-largest in Southeast Asia, is forecasted to grow by 2.5% to 3.5% in 2025. The government aims for a growth rate of at least 3% this year.
The 2025 budget documents forecast a 7.8% increase in spending and a 24.9% jump in the budget deficit, reaching THB 865.7 billion, compared to the 2024 fiscal year.
Srettha revealed that the government’s investment budget for the 2025 fiscal year is THB 908 billion, the highest allocation in 17 years.
Public sector expenditure will allocate THB 405 billion to security affairs, THB 398 billion to enhance Thailand’s competitiveness, and THB 583 billion to human resource development. Additionally, THB 923 billion will be dedicated to fostering opportunities and social equality, THB 137 billion will be dedicated to improving the quality of life and the environment, and THB 645 billion will be dedicated to developing bureaucratic management.
