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Thai PM Paetongtarn confident 2026 budget will boost economic growth

PM Paetongtarn noted the government had cancelled the use of the remaining amount from the current emergency fund originally allocated for the 10,000-baht handout, redirecting it towards economic stimulus programmes instead.

The Nation

The Nation

         

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Thailand's Prime Minister Paetongtarn Shinawatra speaks during an education fund event at the Narathiwat Rajanakarin University in the southern Thai province of Narathiwat on January 16, 2025. PHOTO: AFP

May 29, 2025

BANGKOK – Prime Minister Paetongtarn Shinawatra expressed confidence on Wednesday that the fiscal year 2026 budget would stimulate economic growth and benefit both the public and private sectors.

Government Defends Budget Amid Opposition Criticism

Speaking to reporters before attending a special House meeting to deliberate the 2026 budget bill, Paetongtarn responded to opposition criticism. Critics claim the government’s proposed spending does not adequately address the current economic challenges, especially with the threat of steep import tariffs from the US government.

Budget Reviewed and Adjusted for Economic Stimulus

Paetongtarn insisted the budget would provide vital economic stimulus and said the spending plan had been reviewed by multiple government agencies. She noted the government had cancelled the use of the remaining 157 billion baht from the current emergency fund originally allocated for the 10,000-baht handout, redirecting it towards economic stimulus programmes instead.

Budget Targets Adjusted After US Trade Threats

The Prime Minister expressed confidence that the budget allocations would meet their objectives. She added that the government adjusted allocations following the US threat of trade tariffs against Thailand.

Response to Thaksin’s Drug Fighting Proposal

When asked about a proposal from her father, former Prime Minister Thaksin Shinawatra, who suggested using the 157 billion baht to combat drug trafficking, Paetongtarn said this could not be implemented at present as the government already has dedicated funding for narcotics control.

“The budget bill also includes allocations for fighting drugs and narcotics as a national agenda,” she stated.

Government Welcomes NGO Support in Tackling Social Issues

Regarding Thaksin’s vow to personally monitor communities for drug trafficking, Paetongtarn said the government would welcome any support from non-governmental organisations addressing social issues. She emphasised that Thaksin’s activities were personal and not connected to the government.

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