The situation is projected to be far less rosy in 2026, as foreign financing may be halved to 450 billion baht. That amount is inadequate to finance an 860-billion-baht budget deficit, 186 billion baht in loan recalls, and 135 billion baht in maturing debentures. For fiscal year 2025/26, the government is set to run a budget deficit of 860 billion baht, equivalent to 4.3% of GDP. My question is this: how can an economy projected to expand by 1.6% -- or about 320 billion baht -- finance a much larger fiscal deficit? According to my simple calculation, the unfilled gap will amount to 410 billion baht -- more than sufficient to trigger a financial crisis.

Source: Bangkok Post February 19, 2026 02:07 UTC