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House passes 3.788-trillion-baht 2027 budget bill in first reading

House passes 3.788-trillion-baht 2027 budget bill in first reading

10 Sept 15:29 Key points summarised by AI
  • The Thai House of Representatives approved the 3.788-trillion-baht (approx. $115 billion USD) 2027 fiscal year budget bill in its first reading.
  • Following approval, a 72-member committee was formed to vet the bill ahead of its second and third readings.
  • Finance Minister Ekniti Nitithanprapas stated the bill aims to boost the country's competitiveness and achieve over 3% GDP growth.
  • Ekniti also committed to solving Thailand's long-term budget deficit, despite opposition criticism regarding the government's inability to increase income to cover rising spending and increasing public debt.
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