Fiscal 2026 state spending to post little growth

The budget for fiscal 2026 is likely to mark the first year in which government spending will see little to no growth, according to finance permanent secretary Lavaron Sangsnit.

- WICHIT CHANTANUSORNSIRI

Speaking after the signing of a memorandum of understanding (MoU) on data integration cooperation between the Finance Ministry and the Public Health Ministry, Mr Lavaron said the preparation of the fiscal 2026 budget is based on the principle that if government revenues fall short, no additional public debt will be incurred.

As a result, the fiscal 2026 budget is effectively the first year in which the government budget will have little to no growth, he said.