Thailand’s Government Reduces Borrowing 8 % Amid Rising Public Debt Pressures

Thailand is set to cut its annual government borrowing by roughly 8 percent starting in October, as public debt levels near the legal threshold. In response to growing concerns about fiscal stability, authorities aim to tighten up borrowing to avoid crossing the debt ceiling and to maintain confidence among investors and credit rating agencies.
Officials argue that lowering borrowing will help contain interest costs and reduce budgetary risk, particularly if revenues fall short of expectations. Even with projections of modest economic expansion, debt accumulation, rising borrowing costs, and external shocks pose increasing threats to financial health.
The haircut in borrowing comes alongside expectations of stricter fiscal discipline. Authorities are likely to delay or scale down non-urgent public investment projects, strengthen tax administration to boost revenue, and cut back on lower-priority spending. Thailand's effort to rein in debt is seen as crucial to preserving sovereign credibility and avoiding costly interest burdens. Keywords such as “Thailand public debt,” “borrowing cut 2025,” “legal debt ceiling,” “fiscal discipline Asia,” and “credit rating concerns” underscore efforts to communicate the country’s strategy.