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[POLITICS] · Thailand · 6 sources

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Thailand House debates 3.788 trillion baht fiscal year 2027 budget

The Thai House of Representatives has commenced the second and third readings of the 2027 fiscal year budget bill, totaling 3.788 trillion baht. The debate has highlighted significant disagreements regarding investment allocations and departmental funding.

Finance Minister Ekniti Nitithanprapas, acting as the budget committee chairman, stated that the committee has reduced the total budget by 11.162 billion baht to ensure fiscal stability and address redundant agency functions. Major reductions were noted in the Ministry of Natural Resources and Environment and the Ministry of Defense.

Opposition members have raised concerns over the investment budget. Surachet Praveenwongwut criticized the allocation of investment funds, alleging they favor specific contractors and lack long-term vision. Meanwhile, Jaturon Chaisang of the Pheu Thai Party argued that the Ministry of Higher Education, Science, Research and Innovation (MHESI) is underfunded despite being critical for driving the nation's AI and technology-driven economic goals.

Other discussions included calls for a 'Zero Growth Budget' to manage rising public debt and debates over the central budget, which saw an increase to approximately 699.9 billion baht to cover emergency and necessary expenses.

Entities

Anutin Charnvirakul · Ekniti Nitithanprapas · Ministry of Defense · Ministry of Higher Education, Science, Research and Innovation · Ministry of Natural Resources and Environment · Parliament of Thailand · People's Party · Sirikanya Tansakul · Supachai Jaismut · Surachet Praweenwongwut · Thai House of Representatives · Thai Parliament

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