Fiscal Balance in Thailand

Thailand Fiscal Balance | Economic News & Forecasts

Thailand - Fiscal Balance

The economy grew at a marginally stronger pace in Q3, although remained weak nonetheless. A pick-up in public consumption and fixed investment growth led the slight acceleration, while private consumption growth softened and exports contracted for the third quarter in a row as the downturn in the manufacturing sector intensified. Turning to Q4, growth likely remained soft. Private consumption growth rebounded in October, although manufacturing output fell more sharply in the same month, while the manufacturing PMI fell into contractionary territory in November. Meanwhile, in November, the government coalition lost a vote on allowing Prime Minister Prayuth Chan-o-cha’s special executive powers after the coup d’état in 2014 to be scrutinized. This comes amid protracted quarrels over discretionary spending at the hands of the prime minister, which was incorporated into the FY 2020 budget.

Thailand - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-1.9  -2.9  -2.9  -2.7  -3.5  

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Exchange Rate30.110.17 %Dec 30

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