Government Spending in Thailand decreased to 391965 THB Million in the fourth quarter of 2019 from 398232 THB Million in the third quarter of 2019.

Government Spending in Thailand averaged 255601.76 THB Million from 1993 until 2019, reaching an all time high of 401890 THB Million in the first quarter of 2019 and a record low of 113953 THB Million in the first quarter of 1993. This page provides - Thailand Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Thailand Government Spending - values, historical data and charts - was last updated on June of 2020.

Government Spending in Thailand is expected to be 392644.00 THB Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Thailand to stand at 400980.00 in 12 months time. In the long-term, the Thailand Government Spending is projected to trend around 407769.00 THB Million in 2021 and 421633.00 THB Million in 2022, according to our econometric models.

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Thailand Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
391965.00 398232.00 401890.00 113953.00 1993 - 2019 THB Million Quarterly
Constant Prices 2002 SA

Thailand Government Last Previous Highest Lowest Unit
Government Debt to GDP 41.80 41.20 57.80 15.20 percent [+]
Government Budget -1.90 -2.40 4.90 -5.10 percent of GDP [+]
Government Budget Value 17939.00 -91787.00 217720.00 -258195.00 THB Million [+]
Government Spending 391965.00 398232.00 401890.00 113953.00 THB Million [+]
Government Revenues 148832.00 173407.00 381595.00 14663.30 THB Million [+]
Fiscal Expenditure 296746.00 303115.00 409249.00 15678.00 THB Million [+]
Military Expenditure 6420.00 6306.00 6420.00 369.00 USD Million [+]
Credit Rating 65.00 [+]


Thailand Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.