Bangkok: The meeting of four key agencies has resulted in a budget framework for the fiscal year 2027 set at 3.788 trillion baht, with a projected budget deficit of 788 billion baht. Mr. Paradorn Prisananantakul, Minister to the Prime Minister’s Office, emphasized the urgency of finalizing the 2027 budget framework before the dissolution of Parliament, aiming for implementation by October 1, 2026, with a potential delay of no more than a month.

According to Thai News Agency, the meeting was chaired by Prime Minister Anutin Charnvirakul and included representatives from the Ministry of Finance, the Bank of Thailand, the Budget Bureau, and the National Economic and Social Development Council. The approved budget reflects a decrease in the deficit compared to the 2026 budget, aiming for a 3.9% GDP deficit.

Prime Minister Anutin has expressed concerns over possible delays in the budget process. He has directed efforts to expedite the budget calendar, ensuring Cabinet approval within the current government by January 2026. This approach is intended to prevent the delays seen during the 2023 election, which affected budget implementation and GDP growth.

Mr. Paradorn also discussed the economic stimulus budget, highlighting the previous government’s approval of a 157 billion baht package, of which only 110 billion baht has been utilized. Efforts are underway to ensure rapid allocation and implementation of the remaining stimulus funds to boost economic circulation.

Deputy Prime Minister and Finance Minister Anutin, along with Ekniti Nitithanpraphat, are planning for the “Half-Half Plus Plus” Phase 2 project, scheduled to begin in January 2026. A survey in December will determine the necessary funding, with current central budget reserves at 70 billion baht. Remaining funds from previous programs will be assessed to support the new phase, ensuring continuity and economic impact.