Bangkok: “Phao Bhum” has defended the government’s preparation of the 2026 budget, emphasizing its foundation on responsibility and fiscal discipline. The government has acknowledged a limited budgetary margin, with only one-quarter of funds available for discretionary use due to a high regular expenditure budget, which has been adjusted to 70.1%, marking the lowest level in 18 years.

According to Thai News Agency, Mr. Paopum Rojanasakul, Deputy Minister of Finance, addressed Mr. Nattapong Ruangpanyawut, Leader of the Prachachon Party (P.C.) and the Opposition, regarding the budget’s comprehensive preparation. Paopum acknowledged the economic challenges and uncertainties facing Thailand, asserting the importance of budget management despite an unavoidable deficit. He pointed out that the budget deficit is projected to decrease from 4.5% in 2025 to 4.3% in 2026, with further reductions expected in subsequent years.

The government also plans to allocate a significant portion of the budget to principal debt repayment, aligning with legal limits and increasing the debt repayment ceiling to 5%. This move highlights the government’s commitment to fiscal responsibility and discipline.

While the opposition leader highlighted constraints in managing the 3.78 trillion baht budget, the government has reduced the regular budget by 1.05%, an uncommon adjustment aimed at creating investment opportunities for Thailand. This year’s budget allocation to local administrative organizations (LAOs) is at a historic high of 29.43%, reflecting the government’s dedication to equitable income distribution.

Despite criticism regarding minimal changes in the 2026 budget compared to 2025, Mr. Pao Bhumi affirmed the government’s efforts to responsibly prepare the budget with an eye on future economic development. The Deputy Minister acknowledged discrepancies in some budgetary figures but emphasized the main point of overall budget stability with incremental changes rather than structural shifts.