Thailand no longer has a fiscal buffer to contain rising public debt, making it necessary to accelerate reforms for both the economy and the public sector to lift economic growth closer to its full potential, according to the Finance Ministry.
A ministry source who requested anonymity said its Fiscal Risk Report, prepared following the completion of fiscal 2025 to assess the government's medium-term fiscal risks in terms of debt sustainability, underscored the need for comprehensive structural reforms to both the economy and the public sector, alongside a serious commitment to fiscal consolidation.
