According to a Reuters report citing sources familiar with the matter, Thailand plans to reduce its borrowing by 7.8% to approximately 2.37 trillion baht for the 2026 fiscal year starting October 1.
From the total amount, around 992 billion baht will be designated as new borrowing, while 1.38 trillion baht is earmarked for refinancing existing debt.
Meanwhile, government bond sales are set to rise 4% year-on-year to about 1.3 trillion baht during the fiscal year, with up to 322 billion baht to be issued between October and December.
The government is expected to issue 260 billion baht in treasury bills, a 26% decrease from the prior year, and 572 billion baht in promissory notes, also representing a 26% annual drop, according to the sources. Conversely, savings bond issuance is projected to increase by 31% to 80 billion baht.
This came following royal approval of Prime Minister Anutin Charnvirakul’s cabinet, with the administration poised to take office next month. The new government will face the task of revitalizing Thailand’s economy amid continuing challenges from recently imposed U.S. tariffs and a surging baht.
Notably, the recently endorsed fiscal 2026 budget calls for spending of 3.78 trillion baht and a slightly reduced budget deficit, now expected at about 860 billion baht.
