Budget balance in relation to GDP in Thailand 1995-2030

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.