State firms told to avoid borrowing when investingThe Finance Ministry may require state-owned enterprises planning new investments to rely primarily on their own revenues to reduce the burden on public debt. Under the PDMO's definition, borrowing by state-owned enterprises is classified as public debt. As of December 2025, the government's public debt tallied 66.1% of GDP, or 12.5 trillion baht, while the statutory ceiling is 70%. In fiscal 2027, the deficit is projected at 3.9% of GDP and public debt at 69.4% of GDP. In fiscal 2030, the deficit level is projected at 2.1% of GDP and public debt at 68.2% of GDP.

Source: Bangkok Post February 16, 2026 18:32 UTC