Populist policies such as Khon La Khrueng place an increasing burden on the government's fiscal position. The plan emphasises fiscal consolidation under a framework of fiscal discipline, transparency and concrete implementation of management. Public debt, which tallies 64.8% of GDP, may not be reduced rapidly as this depends not only on fiscal discipline, but also on economic conditions. State agencies are required to avoid approving grant-type subsidy projects that do not contribute to productivity improvements in the agricultural sector. All of these measures are intended to signal to the public and credit rating agencies the government's commitment to enforcing stricter fiscal discipline.

Source: Bangkok Post January 23, 2026 23:27 UTC