The 2570 Budget Committee is reviewing the mid-year budget of 693.88 billion baht. The Bank of Thailand forecasts inflation of 4% may cause consumption to slow in the second half of the year, and the National Economic and Social Development Council confirms minimal economic impact from the Thailand-Cambodia tensions.
At 2:00 p.m. on 3 July 2026 at the Parliament, Ms. Natthida Thepsuthin, a party-list MP from the Pheu Thai Party and spokesperson for the Budget Committee reviewing the 2570 fiscal year budget bill, stated after the meeting that the committee began examining Section 6, the mid-year budget of 693.88 billion baht, including the overall budget and the country’s economic conditions. Representatives from the National Economic and Social Development Council (NESDC), Ministry of Finance, Bank of Thailand (BOT), and the Budget Bureau were invited. The BOT assessed that Thailand’s economy shows short-term growth despite negative pressures from Middle East conflicts, leading to higher prices for goods, oil, and raw materials, causing inflation pressures. Inflation is expected to exceed 4% in Q4 before gradually easing next year. The rising inflation may slow household consumption in the second half of this year.
The Bank of Thailand expects inflation to reach 4%.
However, government measures such as the Thai Help Thai Plus project are supporting the economy and private sector spending in Q3 to improve. A key positive factor is the global expansion of artificial intelligence (AI) investment, which has increased demand for technology products and boosted Thailand’s exports. Technology exports grew by 34.2% in 2025 and are expected to grow 43.8% this year and 17.2% next year, reflecting AI as a major driver of Thailand’s economy. Nevertheless, the BOT expects that while consumption will be affected by inflation, investment and the AI industry will help Thailand’s economy grow by 2.3% this year and 1.8% next year. The committee will closely monitor consumer spending and the effects of government measures. The Budget Committee spokesperson said.
Confirms Thailand-Cambodia Tensions Do Not Affect Economy.
Ms. Natthida added that the committee also inquired about the economic impact of tensions between Thailand and Cambodia. The NESDC representative explained that the agency has assessed the economic impact since last year and found it to be minimal. The volume of border trade is not significant enough to affect the country’s broader economy. The committee’s next meeting on 6 July will begin reviewing the Prime Minister’s Office budget first.