Thailand approves large budget package for state enterprises

The budget package is expected to boost Thailand's gross domestic product (GDP) growth by about 0.3% next year.

Bangkok (VNA) – The Thai Cabinet has approved a 1.56 trillion THB (nearly 48 billion USD) investment budget framework for 51 state enterprises in fiscal year 2026, as proposed by the National Economic and Social Development Council (NESDC).

The budget package is expected to boost Thailand's gross domestic product (GDP) growth by about 0.3% next year.

The government has set a target for state enterprises to disburse at least 95% of their approved investment allocations, with a combined net profit of around 86.49 billion THB (2.65 billion USD).

Looking ahead, the investment framework for 2027–2029 (excluding listed firms and subsidiaries) is projected at 1.06 trillion THB, averaging about 353.7 billion THB annually. Over the same period, state enterprises are expected to generate total net profits of about 270.86 billion THB, or roughly 90.28 billion THB per year.

Key investment projects for 2026 include the Electricity Generating Authority of Thailand (EGAT)’s project to upgrade transmission systems in the North, Northeast, Central Region, and Bangkok to enhance national grid stability, with a disbursement of 4.48 billion THB; the Thai-Chinese high-speed railway project (Bangkok–Nakhon Ratchasima section, Phase 1) under the State Railway of Thailand (SRT), with a disbursement of 11.89 billion THB; the MRT Purple Line (Tao Poon–Rat Burana section) under the Mass Rapid Transit Authority of Thailand (MRTA), with a disbursement of 11.32 billion THB; and the Rama III–Dao Khanong–Western Outer Ring Road Expressway project by the Expressway Authority of Thailand (EXAT), with a disbursement of 3.89 billion THB./.

VNA

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