Thailand recorded a Government Budget deficit equal to 2.20 percent of the country's Gross Domestic Product in 2024. This dataset provides - Thailand Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Thailand Consolidated Fiscal Balance: % of GDP

• Thailand Consolidated Fiscal Balance recorded a deficit equal to 5.7 % of its Nominal GDP in Dec 2024, compared with a deficit equal to 4.1 % in the previous quarter
• Thailand Consolidated Fiscal Balance to GDP data is updated quarterly, available from Sep 2002 to Dec 2024, with an average ratio of -2.7 %
• The data reached an all-time high of 0.7 % in Dec 2006 and a record low of -6.8 % in Dec 2020

CEIC calculates quarterly Consolidated Fiscal Balance as % of Nominal GDP from monthly Consolidated Fiscal Balance and quarterly Nominal GDP. Fiscal Policy Office provides Consolidated Fiscal Balance in local currency. The Office of the National Economic and Social Development Council provides Nominal GDP in local currency.


Further information about Thailand Consolidated Fiscal Balance: % of GDP

• In the latest reports, Thailand National Government Debt reached 306.2 USD bn in Dec 2024
• Thailand Nominal GDP reached 132.0 USD bn in Mar 2023

In 2024, the budget balance in relation to the gross domestic product (GDP) in Thailand was estimated at approximately -1.29 percent. Between 1995 and 2024, the figure dropped by around 4.34 percentage points, though the decline followed an uneven course rather than a steady trajectory. The budget balance is forecast to decline by about 1.45 percentage points from 2024 to 2030, fluctuating as it trends downward.The indicator describes the general government net lending / borrowing, which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expenses and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.

Thailand GDD: GB: for Financing Budget Deficit (FD) data was reported at 3,387,757.000 THB mn in Jun 2018. This records an increase from the previous number of 3,361,824.000 THB mn for May 2018. Thailand GDD: GB: for Financing Budget Deficit (FD) data is updated monthly, averaging 1,258,972.500 THB mn from Jan 2003 (Median) to Jun 2018, with 186 observations. The data reached an all-time high of 3,387,757.000 THB mn in Jun 2018 and a record low of 259,048.000 THB mn in Sep 2006. Thailand GDD: GB: for Financing Budget Deficit (FD) data remains active status in CEIC and is reported by Bank of Thailand. The data is categorized under Global Database’s Thailand – Table TH.F039: Government Domestic Debt: by Holders.

Thailand recorded a government budget surplus of 10314 THB Million in April of 2025. This dataset provides - Thailand Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Thailand GSDD: Govt: Bonds: Ordinary: for Financing Budget Deficit data was reported at 3,510,638.000 THB mn in Oct 2018. This records an increase from the previous number of 3,507,938.000 THB mn for Sep 2018. Thailand GSDD: Govt: Bonds: Ordinary: for Financing Budget Deficit data is updated monthly, averaging 840,681.000 THB mn from Apr 2000 (Median) to Oct 2018, with 223 observations. The data reached an all-time high of 3,510,638.000 THB mn in Oct 2018 and a record low of 47,950.000 THB mn in Jun 2000. Thailand GSDD: Govt: Bonds: Ordinary: for Financing Budget Deficit data remains active status in CEIC and is reported by Bank of Thailand. The data is categorized under Global Database’s Thailand – Table TH.F038: Government and State Enterprise Domestic Debt: by Instruments.

Thailand Deficit / Surplus data was reported at -450,000.000 THB mn in 2020. This stayed constant from the previous number of -450,000.000 THB mn for 2019. Thailand Deficit / Surplus data is updated yearly, averaging -128,100.000 THB mn from Sep 1989 (Median) to 2020, with 32 observations. The data reached an all-time high of 0.000 THB mn in 2006 and a record low of -450,000.000 THB mn in 2020. Thailand Deficit / Surplus data remains active status in CEIC and is reported by Fiscal Policy Office. The data is categorized under Global Database’s Thailand – Table TH.F013: Government Expenditure.

Thailand Govt Finance: Fiscal Cash Balance: Non Budget Surplus or Deficit data was reported at 39,376.558 THB mn in Jun 2018. This records an increase from the previous number of -934.000 THB mn for May 2018. Thailand Govt Finance: Fiscal Cash Balance: Non Budget Surplus or Deficit data is updated monthly, averaging 192.140 THB mn from Oct 2001 (Median) to Jun 2018, with 201 observations. The data reached an all-time high of 144,138.730 THB mn in Sep 2013 and a record low of -157,195.360 THB mn in Oct 2011. Thailand Govt Finance: Fiscal Cash Balance: Non Budget Surplus or Deficit data remains active status in CEIC and is reported by Fiscal Policy Office. The data is categorized under Global Database’s Thailand – Table TH.F019: Government Finance: Fiscal Cash Balance.

The statistic shows the budget balance in relation to GDP of the ASEAN countries in Asia between 2020 and 2030. The ASEAN (Association of Southeast Asian Nations) countries are Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam. A positive value indicates a budget surplus, a negative value indicates a deficit. In 2023, Indonesia's deficit amounted to around **** percent of GDP.

In the third quarter of 2020, the financial account as a share of GDP in Thailand was at deficit of almost **** percent. The financial account as a share of GDP has been fluctuating over the past quarters.

Thailand Govt Finance: Annual: FCB: Non Budget Surplus or Deficit data was reported at 102,050.470 THB mn in 2018. This records an increase from the previous number of 66,048.378 THB mn for 2017. Thailand Govt Finance: Annual: FCB: Non Budget Surplus or Deficit data is updated yearly, averaging 2,341.500 THB mn from Sep 1981 (Median) to 2018, with 38 observations. The data reached an all-time high of 177,450.000 THB mn in 2011 and a record low of -71,891.000 THB mn in 2005. Thailand Govt Finance: Annual: FCB: Non Budget Surplus or Deficit data remains active status in CEIC and is reported by Fiscal Policy Office. The data is categorized under Global Database’s Thailand – Table TH.F019: Government Finance: Fiscal Cash Balance.

Key information about Thailand Consolidated Fiscal Balance

• Thailand Consolidated Fiscal Balance recorded a deficit equal to 1.580 USD bn in Jan 2025, compared with a surplus equal to 696.154 USD mn in the previous month.
• Thailand Consolidated Fiscal Balance data is updated monthly, available from Oct 2001 to Jan 2025, with an average ratio of 44.823 USD mn.
• The data reached an all-time high of 8.249 USD bn in Sep 2011 and a record low of -8.588 USD bn in Oct 2012.

CEIC converts monthly Consolidated Fiscal Balance into USD. Fiscal Policy Office provides Consolidated Fiscal Balance in local currency. Federal Reserve Board average market exchange rate is used for currency conversions.

Thailand Govt Finance: Annual: FCB: Budget Surplus or Deficit data was reported at -492,730.000 THB mn in 2018. This records an increase from the previous number of -536,512.378 THB mn for 2017. Thailand Govt Finance: Annual: FCB: Budget Surplus or Deficit data is updated yearly, averaging -52,756.000 THB mn from Sep 1981 (Median) to 2018, with 38 observations. The data reached an all-time high of 102,436.000 THB mn in 1991 and a record low of -536,512.378 THB mn in 2017. Thailand Govt Finance: Annual: FCB: Budget Surplus or Deficit data remains active status in CEIC and is reported by Fiscal Policy Office. The data is categorized under Global Database’s Thailand – Table TH.F019: Government Finance: Fiscal Cash Balance.

Thailand GFN: New Borrowing: Carry Over & Supplementary Budget Deficit data was reported at 145,000.000 THB mn in 2025. This records an increase from the previous number of 127,430.000 THB mn for 2021. Thailand GFN: New Borrowing: Carry Over & Supplementary Budget Deficit data is updated yearly, averaging 145,000.000 THB mn from Sep 2017 (Median) to 2025, with 5 observations. The data reached an all-time high of 214,093.000 THB mn in 2020 and a record low of 100,000.000 THB mn in 2018. Thailand GFN: New Borrowing: Carry Over & Supplementary Budget Deficit data remains active status in CEIC and is reported by Public Debt Management Office. The data is categorized under Global Database’s Thailand – Table TH.F040: Government Funding Needs and Funding Raising.

In the third quarter of 2020, the share of outbound foreign direct investment (FDI) as a share of GDP accounted for deficit of 3.35 percent. In comparison, the share of inbound foreign direct investment per GDP accounted for a deficit of 0.04 percent in the same period.

Thailand TH: Net Incurrence of Liabilities: Total: % of GDP data was reported at 1.952 % in 2016. This records an increase from the previous number of 0.672 % for 2015. Thailand TH: Net Incurrence of Liabilities: Total: % of GDP data is updated yearly, averaging 2.333 % from Sep 1972 (Median) to 2016, with 45 observations. The data reached an all-time high of 9.106 % in 1999 and a record low of -2.557 % in 1991. Thailand TH: Net Incurrence of Liabilities: Total: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Thailand – Table TH.World Bank: Government Revenue, Expenditure and Finance. Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets.; ; International Monetary Fund, Government Finance Statistics Yearbook and data files.; Weighted average;

Thailand Govt Finance: Fiscal Cash Balance: Borrowing for Financing Deficit data was reported at 33,700.000 THB mn in Oct 2018. This records a decrease from the previous number of 58,035.000 THB mn for Sep 2018. Thailand Govt Finance: Fiscal Cash Balance: Borrowing for Financing Deficit data is updated monthly, averaging 15,000.000 THB mn from Oct 2001 (Median) to Oct 2018, with 205 observations. The data reached an all-time high of 109,076.000 THB mn in Nov 2015 and a record low of 0.000 THB mn in Mar 2016. Thailand Govt Finance: Fiscal Cash Balance: Borrowing for Financing Deficit data remains active status in CEIC and is reported by Fiscal Policy Office. The data is categorized under Global Database’s Thailand – Table TH.F019: Government Finance: Fiscal Cash Balance.

Thailand TH: Net Incurrence of Liabilities: Total data was reported at 283,662.872 THB mn in 2016. This records an increase from the previous number of 92,357.727 THB mn for 2015. Thailand TH: Net Incurrence of Liabilities: Total data is updated yearly, averaging 35,175.000 THB mn from Sep 1972 (Median) to 2016, with 45 observations. The data reached an all-time high of 473,877.890 THB mn in 2009 and a record low of -64,107.000 THB mn in 1991. Thailand TH: Net Incurrence of Liabilities: Total data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Thailand – Table TH.World Bank.WDI: Government Revenue, Expenditure and Finance. Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets.; ; International Monetary Fund, Government Finance Statistics Yearbook and data files.; ;

Key information about Thailand National Government Debt

• Thailand National Government Debt reached 316.2 USD bn in Jan 2025, compared with 306.2 USD bn in the previous month.
• Thailand National Government Debt data is updated monthly, available from Oct 1997 to Jan 2025.
• The data reached an all-time high of 317.3 USD bn in Sep 2024 and a record low of 6.3 USD bn in Nov 1997.

CEIC converts monthly Government Debt into USD. Public Debt Management Office provides Government Debt in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions. Government Debt covers Central Government only.


Related information about Thailand National Government Debt

• In the latest reports, Thailand Consolidated Fiscal Balance recorded a deficit equal to 5.7 % of its Nominal GDP in Dec 2024.
• The country's Government debt accounted for 56.6 % of its Nominal GDP in Dec 2024.
• Thailand Nominal GDP reached 132.0 USD bn in Mar 2023.

Thailand Govt Finance: Annual: FCB: Borrowing for Financing Deficit data was reported at 500,357.530 THB mn in 2018. This records a decrease from the previous number of 552,922.000 THB mn for 2017. Thailand Govt Finance: Annual: FCB: Borrowing for Financing Deficit data is updated yearly, averaging 44,330.000 THB mn from Sep 1981 (Median) to 2018, with 38 observations. The data reached an all-time high of 552,922.000 THB mn in 2017 and a record low of 0.000 THB mn in 2006. Thailand Govt Finance: Annual: FCB: Borrowing for Financing Deficit data remains active status in CEIC and is reported by Fiscal Policy Office. The data is categorized under Global Database’s Thailand – Table TH.F019: Government Finance: Fiscal Cash Balance.