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Thailand Plans 8% Increase in Borrowing for Fiscal 2025 to Support Growth
Thailand plans an 8% increase in borrowing to 2.6 trillion baht for the 2025 fiscal year, funding initiatives like a digital wallet scheme to boost the economy amid a rising deficit.
Thailand’s government plans to boost borrowing by 8% to approximately 2.6 trillion baht ($78.2 billion) for the 2025 fiscal year, starting October 1. This projection includes 1.06 trillion baht for new borrowing and 1.53 trillion baht for rolling over existing debt, as per confidential sources.
To finance this increase, the government intends to sell around 1.25 trillion baht in government bonds and 520 billion baht in treasury bills. These measures aim to cover over two-thirds of the borrowing target, with additional funding from savings bonds and term loans.
The elevated borrowing is attributed to a larger budget deficit, projected at about 8.66 billion baht. The fiscal budget anticipates overall spending of 3.75 trillion baht, supporting initiatives such as the digital wallet scheme aimed at revitalizing the economy.
Source : Thailand to lift borrowing by 8% in fiscal 2025 to help growth, market sources say
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