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Government finances - statistics & facts

The government of Thailand is unitary and operated under the democratic system. Thailand was governed under an absolute monarchy regime until 1932 when the absolute monarchy regime was ended by the Siamese Revolution of 1932. It was then replaced with a constitutional monarchy. Today, the government of Thailand consists of three branches namely, the executive, the legislative, and the judiciary. In 2020, the Thai government was evaluated with the governance index among other ASEAN countries, Thailand came in sixth after the Philippines.

Government revenue and expenditure

Regarding the financial management capacities of the Thai government, government spending had been slighting decreasing in the contribution to Thailand's GDP up until 2020, that such spending had shown an increase. In comparison, the government revenue as a ratio to the GDP showed slight fluctuations over the past few years, rising to almost 17 percent in that same year. The government revenues are generated from multiple sources, but the main contributor to revenues is tax, with the largest proportion coming from value added tax revenue.

The current state of government debt

Despite having shown promising economic conditions, Thailand still struggles with its national debt which has been gradually rising over the past years. The national debt in Thailand was forecasted to amount to approximately 334 billion U.S. dollars by 2026, which would be more than half of the GDP's proportion. In correspondence to the national debt, the government of Thailand held a significant value of debt securities as liabilities in 2020, taking up most of the total value of government liabilities. Such government debt securities consisted of treasury bills, bonds, and promissory notes.

Key figures

The most important key figures provide you with a compact summary of the topic of "Government finances in Thailand" and take you straight to the corresponding statistics.

Government revenue

Government expenses

Government debt

Interesting statistics

In the following 6 chapters, you will quickly find the 31 most important statistics relating to "Government finances in Thailand".

Government finances in Thailand

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Government finances - statistics & facts

The government of Thailand is unitary and operated under the democratic system. Thailand was governed under an absolute monarchy regime until 1932 when the absolute monarchy regime was ended by the Siamese Revolution of 1932. It was then replaced with a constitutional monarchy. Today, the government of Thailand consists of three branches namely, the executive, the legislative, and the judiciary. In 2020, the Thai government was evaluated with the governance index among other ASEAN countries, Thailand came in sixth after the Philippines.

Government revenue and expenditure

Regarding the financial management capacities of the Thai government, government spending had been slighting decreasing in the contribution to Thailand's GDP up until 2020, that such spending had shown an increase. In comparison, the government revenue as a ratio to the GDP showed slight fluctuations over the past few years, rising to almost 17 percent in that same year. The government revenues are generated from multiple sources, but the main contributor to revenues is tax, with the largest proportion coming from value added tax revenue.

The current state of government debt

Despite having shown promising economic conditions, Thailand still struggles with its national debt which has been gradually rising over the past years. The national debt in Thailand was forecasted to amount to approximately 334 billion U.S. dollars by 2026, which would be more than half of the GDP's proportion. In correspondence to the national debt, the government of Thailand held a significant value of debt securities as liabilities in 2020, taking up most of the total value of government liabilities. Such government debt securities consisted of treasury bills, bonds, and promissory notes.

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