Thailand’s government has approved an increased fiscal budget for 2024, totaling 3.48 tln baht, a 9.3% YoY increase. That includes a 4% rise in investment spending to 717.2 bln baht. Debt repayment is notably up by 18.3% at 118.3 bln baht. Recurring expenses will also rise by 9%, as the government aims to stimulate economic activity while managing debt obligations.