Government Spending in Thailand decreased to 402729 THB Million in the fourth quarter of 2020 from 410629 THB Million in the third quarter of 2020. source: Nesdb, Thailand

Government Spending in Thailand averaged 260890.89 THB Million from 1993 until 2020, reaching an all time high of 410629 THB Million in the third quarter of 2020 and a record low of 113953 THB Million in the first quarter of 1993. This page provides - Thailand Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Thailand Government Spending - values, historical data and charts - was last updated on May of 2021.

Government Spending in Thailand is expected to be 386624.00 THB Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Thailand to stand at 412797.00 in 12 months time. In the long-term, the Thailand Government Spending is projected to trend around 431373.00 THB Million in 2022 and 444314.00 THB Million in 2023, according to our econometric models.

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Thailand Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
402729.00 410629.00 410629.00 113953.00 1993 - 2020 THB Million Quarterly
Constant Prices 2002 SA

Thailand Government Last Previous Highest Lowest Unit
Government Debt to GDP 50.50 41.10 57.80 15.20 percent [+]
Government Budget -1.90 -2.40 4.90 -5.10 percent of GDP [+]
Government Budget Value 10137.00 -30375.00 217720.00 -258195.00 THB Million [+]
Government Spending 402729.00 410629.00 410629.00 113953.00 THB Million [+]
Government Revenues 172865.00 120280.00 381711.00 14663.30 THB Million [+]
Fiscal Expenditure 224767.00 148543.00 409249.00 15678.00 THB Million [+]
Military Expenditure 6970.00 6876.00 6970.00 393.00 USD Million [+]
Credit Rating 65.00 [+]


Thailand Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.