Government net lending/borrowing in Thailand

International Monetary Fund · Annual · Importance

IMF forecast (WEO): 2026: -2.2% 2027: -1.9% 2028: -2.0% 2029: -2.2% 2030: -2.2% 2031: -2.2%

-9.0 (1999) ANUAL · % of GDP · Annual · CSV

Period	% of GDP
Jan 1999	-9.0
Jan 1998	-6.3
Jan 1997	-1.7
Jan 1996	2.7
Jan 1995	3.1

About this indicator

Source

International Monetary Fund

Frequency

Annual

Release

Published annually (with quarterly advance estimates in some economies), subject to revision with the national accounts.

What it is

Thailand's government deficit measures the shortfall in the public accounts when spending exceeds revenue over the fiscal year; a surplus arises when revenue exceeds spending. It is reported as a percentage of GDP.

How it's calculated

Calculated as the difference between central government revenue and expenditure (the budget balance), drawn from the Fiscal Policy Office and Ministry of Finance, on Thailand's October-start fiscal year. The balance is expressed relative to nominal GDP.

Market implications

The deficit drives the Treasury's issuance needs and the path of public debt. A wide deficit can pressure Thai bond yields, the baht and credit ratings, and limits the room for fiscal policy across the economic cycle.

Limitations

It is a low-frequency reading subject to revision. It helps to separate the cash balance from the national-accounts balance and the headline balance from the primary one (excluding interest); off-budget items and state enterprises may not be fully captured.