Thailand recorded a Government Budget deficit equal to 6.10 percent of the country's Gross Domestic Product in 2020. source: Ministry of Finance, Thailand

Government Budget in Thailand averaged -1.14 percent of GDP from 1979 until 2020, reaching an all time high of 4.90 percent of GDP in 1991 and a record low of -6.10 percent of GDP in 2020. This page provides - Thailand Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Thailand Government Budget - values, historical data and charts - was last updated on July of 2021.

Government Budget in Thailand is expected to reach -5.00 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Thailand Government Budget is projected to trend around -1.50 percent of GDP in 2022 and -2.00 percent of GDP in 2023, according to our econometric models.

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Thailand Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-6.10 -1.80 4.90 -6.10 1979 - 2020 percent of GDP Yearly

Thailand Government Last Previous Highest Lowest Unit
Government Debt to GDP 50.50 41.10 57.80 15.20 percent of GDP [+]
Government Budget -6.10 -1.80 4.90 -6.10 percent of GDP [+]
Government Budget Value -17025.00 -51902.00 217720.00 -258195.00 THB Million [+]
Government Spending 401695.00 402729.00 410629.00 113953.00 THB Million [+]
Government Revenues 162774.00 176674.00 381711.00 14663.30 THB Million [+]
Fiscal Expenditure 153029.00 193699.00 409249.00 15678.00 THB Million [+]
Military Expenditure 7362.00 7286.00 7362.00 408.00 USD Million [+]
Credit Rating 65.00 [+]


Thailand Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.