Bangkok: The Prime Minister held a meeting on the 2027 budget, adhering to a moderate fiscal plan. The Prime Minister convened a meeting on the 2017 budget, which totaled 3.788 trillion baht, with a deficit of 788 billion baht. He adhered to a moderate fiscal plan and emphasized only necessary budget proposals, emphasizing the maintenance of fiscal discipline.

According to Thai News Agency, Prime Minister and Minister of Interior Anutin Charnvirakul chaired a meeting to consider the 2027 fiscal year budget. Deputy Prime Minister and Minister of Finance Ekniti Nitithanpraphas met with four key agencies: the Ministry of Finance, the National Economic and Social Development Board (NESDB), the Bank of Thailand (BOT), and the Budget Bureau. The meeting aimed to establish the annual budget policy, revenue projections, expenditure limits, and methods for offsetting the budget deficit, and assess the fiscal position at least three years in advance. This will enable the government to implement key policies to address public concerns, maintain fiscal discipline, and maintain national economic stability.

The Prime Minister emphasized that government agencies should prepare annual budget requests only as necessary, emphasizing efficiency, value, savings, and maximum benefit to the people, in line with the guidelines of the OECD countries, of which Thailand is in the process of joining.

Reporters reported that the 2017 fiscal year budget framework, under the medium-term fiscal framework, totals 3.788 trillion baht, a 0.2% increase from the 2026 budget. The budget deficit is 788 billion baht, with a revenue target of 3 trillion baht. The outstanding public debt at the end of the fiscal year was 13.79 trillion baht, representing 69.36% of GDP.

The target is set according to the medium-term fiscal plan for 2026-2030, hoping to reduce the deficit to no more than 3% of GDP by 2029, a significant reduction from the previous year when the deficit increased to 4.4%. As for the public debt-to-GDP level, it is confirmed that it will not exceed the fiscal sustainability framework set at no more than 70% of GDP. The Ministry of Finance and the Budget Bureau are tasked with creating the entire structure by increasing revenue and reducing expenditures, increasing revenue to no less than 15.1% of GDP (currently at 14.8%). Government expenditures are estimated at 18%, down from the current 19%.