Government Spending in Thailand increased to 395931 THB Million in the third quarter of 2019 from 394584 THB Million in the second quarter of 2019. Government Spending in Thailand averaged 254152 THB Million from 1993 until 2019, reaching an all time high of 399701 THB Million in the first quarter of 2019 and a record low of 113953 THB Million in the first quarter of 1993.

Government Spending in Thailand is expected to be 405697.00 THB Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Thailand to stand at 408205.00 in 12 months time. In the long-term, the Thailand Government Spending is projected to trend around 437279.00 THB Million in 2020, according to our econometric models.

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Thailand Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
395931.00 394584.00 399701.00 113953.00 1993 - 2019 THB Million Quarterly
Constant Prices 2002 SA

Thailand Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.

Thailand Government Last Previous Highest Lowest Unit
Government Debt to GDP 41.80 41.20 57.80 15.20 percent [+]
Government Budget -2.50 -2.70 4.90 -5.10 percent of GDP [+]
Government Budget Value -14697.00 188252.00 217720.00 -258195.00 THB Million [+]
Government Spending 395931.00 394584.00 399701.00 113953.00 THB Million [+]
Government Revenues 173307.00 255924.00 381595.00 14663.30 THB Million [+]
Fiscal Expenditure 155368.00 347711.00 409249.00 15678.00 THB Million [+]
Military Expenditure 6420.00 6306.00 6420.00 369.00 USD Million [+]
Credit Rating 65.00 [+]