The cabinet on Tuesday approved a second revision of the public debt management plan for fiscal 2026, adjusting borrowing and repayment targets to better reflect current economic conditions, budget implementation and government priorities.
Government spokeswoman Rachada Dhnadirek said the revised plan aims to ensure that debt management remains aligned with changing economic circumstances while maintaining fiscal discipline and financial stability.
Under the revised framework, new borrowing was increased by 221.22 billion baht, from 1.259 trillion baht to 1.481 trillion baht. Meanwhile, the existing debt management plan was reduced by about 23.96 billion baht, from 1.644 trillion baht to 1.620 trillion baht. The debt repayment plan was also revised upward, rising from 533.53 billion baht to 561.19 billion baht, an increase of more than 27.66 billion baht.
Ms Rachada said the revision was intended to match budget utilisation with prevailing economic conditions, while balancing the use of fiscal policy tools to stimulate the economy against the need to preserve fiscal stability.
"The government continues to place fiscal discipline at the centre of its policy," she said. "The revision reflects a careful review to ensure borrowing and spending remain appropriate under current economic conditions."
She said the revised plan also took into account changes in investment missions, liquidity management and borrowing requirements among some state agencies, depending on project readiness and operational needs.
As part of the revision, the cabinet also approved the inclusion of four additional projects and borrowing items in the public debt management framework. Among them was a 200-billion-baht loan tied to projects under the emergency decree on borrowing to address the energy crisis and energy transition measures.
