# Thailand Plans 8% Increase in Borrowing for Fiscal 2025 to Support Growth

- Link: https://www.thailand-business-news.com/banking/162910-thailand-plans-8-increase-in-borrowing-for-fiscal-2025-to-support-growth-sources-reveal
- Published: 2024-09-19T08:29:00+07:00
- Author: Bahar Karaman

**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.

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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.

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**Source** : [Thailand to lift borrowing by 8% in fiscal 2025 to help growth, market sources say](https://www.marketscreener.com/news/latest/Thailand-to-lift-borrowing-by-8-in-fiscal-2025-to-help-growth-market-sources-say-47881793/?rand=157030)