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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 2018, the Thai government was evaluated with the governance index among other ASEAN countries, Thailand came in eighth after Myanmar.

Government revenue and expenditure


Regarding the financial management capacities of the Thai government, government spending seemed to be quite consistent and showed little changes in the contribution to Thailand's GDP since 2016 . In comparison, the government revenue as a ratio to the GDP showed slight fluctuations over the past few years, decreasing to 17.2 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. This was followed by the corporate income tax which had been steadily increasing since 2015.

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 reach almost half of the GDP's proportion by 2024 which would be equivalent to approximately 315.23 billion U.S. dollars. In correspondence to the national debt, the government of Thailand held a significant value of debt securities as liabilities in 2019, taking up most of the total value of government liabilities. Such government debt securities consisted of treasury bills, bonds, and promissory notes.

Interesting statistics

In the following 5 chapters, you will quickly find the 30 most important statistics relating to "Government finances in Thailand".

Government finances in Thailand

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Important 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

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