Bangkok: The Cabinet has directed all government agencies to expedite the preparation of the 2027 budget while urging state enterprises to invest 1.6 trillion baht in the 2026 budget to inject investment into the system and stimulate economic growth.

According to Thai News Agency, Prime Minister’s Office spokesman Siripong Angkasakulkiat announced that the Prime Minister plans to dissolve Parliament in January 2026 and aims to issue a policy statement for the 2026 budget framework by December 1, 2025. This timeline allows government agencies to submit their 2027 budget requests starting January 1, 2026. The Budget Bureau has been tasked with adjusting the budget calendar to address any potential issues and finalize the budget. The Prime Minister is concerned about possible budget disruptions during the transition period if the budget review process extends into June 2026, coinciding with the election campaign for the new government.

Mr. Siripong further stated that the Cabinet has approved the NESDB’s 2026 state enterprise investment plan, which involves a 1.6 trillion baht investment from 51 state enterprises. Achieving the investment target could increase GDP by 0.3 percent. The Prime Minister has urged state enterprises to disburse 95 percent of the targeted investment budget, emphasizing key projects such as the EGAT’s 4.489 billion baht power transmission system upgrade, the MRTA’s 11.896 billion baht Thai-Chinese high-speed railway from Bangkok to Nakhon Ratchasima, the MRTA’s 11.326 billion baht Purple Line from Tao Poon to Rat Burana, and the Rama III-Dao Khanong-Western Outer Ring Road Expressway with a budget of 3.814 billion baht. State enterprises are required to report their investment progress monthly on the 5th as part of the government’s strategy to inject money into the economy.