The cabinet approved a FY2027 debt plan with 1.26 trillion baht in new borrowing; public debt is projected at 69.7% of GDP at end-September 2027, just under the 70% ceiling. The finance minister says a car excise tax decision could come within 1-2 weeks. A 1,000-baht departure tax is also being discussed (about 12 billion baht a year). For a Thai SME, watch the car excise decision if you sell or service vehicles, and expect possible tax changes on travel and other items. Fiscal room is tight, so new tax measures are more likely than large spending boosts.
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